For much of the past year since China reopened to the world following the Covid-19 pandemic, a pall has hung over large swathes of the country as its economy struggles to regain momentum.

More than three decades after the collapse of the Soviet Union, the Communist Party of China retains a firm grip on power. The powerful and feared organization has ruled the nation — home to close to one-fifth of the world’s population — for 75 years,

While hopes are high, the wider Chinese economy—in particular its languishing property market—will take longer to recover.

Skeptics have been out in force since China rolled out aggressive stimulus measures last week to prop up its ailing economy and markets. It's just not enough to reverse the magnitude of China's problems — including an epic property crisis and high youth unemployment — they say.

China's CSI 300 rallied 8.48%, closing at 4,017.85 for a nine-day winning streak, its best day since September 2008 and its highest point since August 2023.