China Stocks’ 15% Rout Shows What Happens When Stimulus Ends

  • CSI 300 Index is lagging world by the most since 2016 in March
  • Beijing’s policy-tightening bias weighs on investor sentiment

Photographer: Qilai Shen/Bloomberg

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China’s stock market is showing the world what happens when central banks and governments start exiting pandemic-era stimulus -- and it’s not pretty.