Experts Uncertain Whether China’s Third Plenum Will Reboot Economic Growth

On June 21, 2023, the Shanghai Composite Index fell below the key psychological level of 3,200 points, closing at 3,197.9, essentially returning to its early 2023 state. The image depicts an illustration of the stock market. Mandy Cheng/AFP Photo

Commentary

The Shanghai stock market has once again dipped below the critical 3,000-point mark. Despite exhaustive efforts by the Chinese Communist Party (CCP), the market shows no signs of recovery and faces mounting downward pressure. Experts warn this could mark the most severe period for China’s economy since the 1990s, with potential stagnation or recession on the horizon.