Hong Kong Stocks Sink as China’s Economy Scares Investors
China’s No. 2 leader, Li Qiang, traveled to Switzerland with a message for the titans of the business world gathered for the World Economic Forum.“Choosing the Chinese market is not a risk, but an opportunity,” Mr. Li, China’s premier, told an audience in Davos on Tuesday.But there’s a different sentiment about China playing out in the stock market and it’s not so optimistic. The worries over China’s economy have been visible for months in Hong Kong, where stocks plunged 14 percent last year, the fourth consecutive annual decline.The new year hasn’t offered any relief, either, and economic data released by…
