China’s benchmark CSI 300 index entered bear-market territory after falling 20% from its June peak. It has declined for 10 consecutive weeks and is down 2.6% so far this week, according to LSEG data. The Chinese market continues to face structural challenges, including excess capacity, overinvestment and intense competition that has eroded corporate profit margins. Industrial profit growth was the weakest this year in September, while economic growth in the second quarter was the slowest in more than three years, pressured by the property slowdown and prolonged weakness in consumer demand.
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