Best week since 1998 on stock markets
Meanwhile, the rally in the price of shares of Chinese companies listed on both stock exchanges in the Middle Kingdom and overseas trading floors continues. The SZSE Component index gained 6.7 percent on Friday in Shenzen. The FTSE China A50 on the Shanghai Stock Exchange gained nearly 3.6 percent. The CSI 300 Composite Index, which includes companies listed in Shanghai and Shenzhen, rose nearly 15 percent during the week, its best performance since November 2008.
In Hong Kong, the Hang Seng index went up 3.2 percent, surpassing 20,000 points and scoring its best week since 1998, rising 12.9 percent in that time. Let's not forget, however, that this is actually a rebound from the multi-year lows that Chinese indices have hit this year as a result of concerns about the state of the local economy, which the authorities now want to stimulate.