Why is China's stock market rapidly crashing?

China’s stock market is crashing, and investors are starting to wonder how much worse things could get. Chinese stocks have been falling for weeks as traders lose patience with the country’s struggling economy, expensive AI companies, and Beijing’s attempts to keep everything moving. The CSI 300 index, which tracks 300 major companies listed in Shanghai and Shenzhen, entered a bear market Thursday after dropping 20% from its June peak. By Friday, the benchmark had fallen another 3%, making an already miserable situation even worse. The index has seen 10 consecutive weeks of decline, and according to LSEG figures released during the week, the figure is 2.6%.

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