China was once an unstoppable economic machine, but that has certainly changed in the past few months as the Chinese government is pulling out all the stops to get it running again.
The Chinese Government has cut stamp duty in half for stock trading to try to kickstart their economy.
On top of this, there are also calls for banks to cut deposit rates to give the failing property sector a shot in the arm.
As we know the property sector in the country is one of the key areas dragging the rest of the economy down.
In another sign of how bad it has become, property giant Evergrande’s shares fell almost 90% after starting trading again this week after a 17-month hiatus.
