China's stock markets last year were the worst performing among major exchanges. Deleveraging, tightening credit conditions within the private sector, a trade war that wasn't supposed to happen, and a slowing economy showing weakness across most industry metrics all took their toll.
Opinion
Beijing finally shows the market some respect
Even a partial retreat from constant interference is good news for investors
Chinese authorities have accepted that markets bring losses as well as profits. (VCG/Getty Images)
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