The Shanghai Composite Index fell nearly 2% after Moody's downgraded its outlook on China's credit rating.
Since June 2023, all of these events have occurred in China:
1. Evergrande files for Chapter 15 bankruptcy
2. Largest tax cut since 2008 announced
3. $6 Trillion Mortgage Interest Rate Cut
4. Unexpected rate cut by the largest amount since 2020
5. Banking crackdown begins at Cangzhou Bank
6. Banks are reducing deposit rates for the 3rd time this year
7. The government is planning another new stimulus package

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