Market watchers have pointed out that while the global economy is starting to turn around and has managed to add to the recovery, the Chinese economy continues to be in recession and the U-S.
market is still struggling.
The stock market has slumped as the Chinese yuan has weakened and the economy is contracting.
The Australian dollar has also weakened since the election of President Donald Trump and the stock market is now trading below its peak of about $US1,600 a share on Thursday.
But there is some good news on the horizon.
“This is the best day in a long time for the Chinese stock market,” said Peter Chia, senior economist at investment banking firm Fitch.
There is a lot of good news that China has done to stimulate growth.
The Chinese government has put more emphasis on infrastructure, such as roads and ports, in an effort to stimulate the economy.
Inflation has been at a record low, which means that there is less pressure on consumers to buy.
And the Chinese government is looking at ways to boost exports, particularly with China looking to export more to the rest of the world.
CBO also sees China’s stock market rally as a sign that the Chinese Communist Party will soon return to power and begin a new era.
It is the first time since the 1980s that China will be in the majority in the top ten percent of global GDP and will see a return to a more market-oriented approach to economic growth.
However, there are some concerns.
A weaker dollar, a slowdown in economic growth, a reduction in the number of Chinese migrants in the U