China’s economic woes give its markets a week to forget, and its public little cause for optimism
BEIJING — A wave of optimism swept Chinese markets recently when Beijing announced a stimulus package many hoped would pave the way for a wave of investment to help fuel a recovery for the world’s second-largest economy.
Traders rushed to buy Chinese stocks, sending the top Shanghai and Hong Kong indexes soaring.
But the measures that Beijing’s economic planning agency announced this week proved to be an anticlimax — the trillions of yuan that observers were hoping would be revealed…
