China’s CSI 300 enters bear-market territory after 10-week rout

CNBC reports China’s CSI 300 entered bear-market territory on October 22 after falling 20% from its June peak and declining for 10 straight weeks. Bloomberg, citing Bloomberg Intelligence analysts, reports that state-backed buyers may need to accelerate purchases, though buying alone may not bring a sustained recovery. The analysts say Central Huijin raised $231 billion through ETF sales in the first half and redeployed $43 billion since purchases resumed in July.