Chinese $7 Trillion Stock Market Losses Comparable to Early 2000s US Tech Stock Bust

Chinese stock markets in Shanghai, Shenzhen and Hong Kong have lost around $7 trillion in value since 2021, with indices recently hitting five-year lows. The slowdown is due to China's slowing economy following its zero-COVID policy, a struggling real estate sector and weaker global demand for Chinese exports and manufacturing. President Xi Jinping is reportedly considering interventions to support stocks, which rose slightly on the news.