Softening US economic data spurred the Federal Reserve into decisive action this week to support growth. An even weaker set of data out of China has left investors puzzled why its government hasn’t also mounted a concerted response.

The $6.5 trillion that’s been erased from mainland bourses since a 2021 peak is an epically large price to pay for Beijing’s policies these last few years.

Four-day tour of Gansu province sees President Xi Jinping emphasise cultural and environmental protection alongside deeper reform Chinese President Xi Jinping put the national focus on cultural and environmental protection as part of a four-day trip to a historic heartland in the northwest.