Your weekly thread on everything that's happened in Chinese markets. What. A. Week. 1/10

Capitulation. Chinese stocks fall the most since 2008 and a tech index loses 11% in a single day. Xi's friendship with Putin is the latest concern for investors, who fear a backlash and even financial sanctions against Beijing. 2/10
www.bloomberg.com/news/articles/2022-03-14/china-s-tech-rout-deepens-amid-lockdown-geopolitical-worri...

The Beijing put. Stocks soar after China pledges to support markets with an extraordinary, sweeping and coordinated string of statements from policy makers and regulators. ADRs jump a massive 33% in New York. 3/10
www.bloomberg.com/news/articles/2022-03-16/xi-spurs-frantic-stock-buying-with-lifeline-for-china-mark...

This kind of market volatility can be very, very painful. One of the country's biggest quant funds advises some clients to fully redeem their money. 4/10
www.bloomberg.com/news/articles/2022-03-14/quant-giant-s-rare-advice-to-pull-cash-shows-china-market-...

Fear not a nationwide property tax. After floating the idea in October, China says now is not the right time (yep, home sales dropped 22% in Jan/Feb...) Property stocks jump 16%, the most since at least 2005. 5/10
www.bloomberg.com/news/articles/2022-03-16/china-will-not-expand-its-property-tax-trial-this-year-l0t...

China releases a very strong set of Jan-Feb economic data, surprising many. But “the true economic situation may not be so rosy,” writes a prominent China economist in a since-deleted post. 6/10
www.bloomberg.com/news/articles/2022-03-16/china-s-strong-growth-data-questioned-mocked-on-social-med...

So what will China actually *do*? The central bank this week decided to hold interest rates, but nervous markets, the worst Covid outbreak since Wuhan and a Draghi-esque promise to support the economy means stimulus is coming. 7/10
www.bloomberg.com/news/articles/2022-03-17/china-could-cut-rates-within-days-after-strong-vow-to-inve...

Are the world's last Covid-Zero holdouts pivoting? Xi pledges to reduce the economic impact of his Covid-fighting measures, the first time he does so since the pandemic began. HK - which just surpassed 1m cases - is also reviewing its approach. 8/10
www.bloomberg.com/news/articles/2022-03-18/xi-signals-tweaking-of-covid-strategy-as-economic-pressure...

An important phone call. Biden's administration hardens its views on China because of its muted response to Russia's invasion of Ukraine. Biden and Xi are due to speak on Friday for the first time since the war began. 9/10
www.bloomberg.com/news/articles/2022-03-17/biden-team-hardens-view-of-china-tilting-toward-putin-on-u...

And here's what it all means - a shortcut if you want to read only one article. A big shift on almost everything, but will China follow through with real measures? There's certainly a lot of money counting on it. 10/10
www.bloomberg.com/news/articles/2022-03-18/global-exodus-from-chinese-markets-prompts-xi-to-change-ta...