Week InReview: January 26, 2024

China flows.

Some of the largest ETFs tracking Chinese stocks are seeing a surge in trading volume, potentially signaling revived interest. Yet the nation's $6 trillion stock market rout reveals a painful truth: People are hopelessly gloomy about the outlook for the world's second-largest economy. A government rescue package under consideration and a sudden cut in the bank reserve ratio show that authorities indeed are growing anxious. According to Bloomberg Economics, there is little doubt the People's Bank of China will deliver more stimulus on top of the latest reduction in bank reserve requirements.

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