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China’s Very Bad Week Is Over, But Crisis Rolls On
A God awful week for Chinese markets mercifully came to an end, but not before Hong Kong shares closed in a bear market.
City shares fell a sixth consecutive session on Friday and are now down more than 20% from late January.
The benchmark has now retraced around half of the surge from the post-Party congress lows.
The Hang Seng fell more than 6% this week alone. That counted as the worst week since Xi's de facto coronation in October. For the month, Hong Kong shares are down almost 11%.
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