Feature
Published on: 13. November 2023

Shanghai's tech index turns into a nightmare

Shanghai Composite Index Falling Below 3,000 Points HANGZHOU, CHINA - OCTOBER 20, 2023 - A mobile phone shows the Shanghai Composite Index falling below 3,000 points,Hangzhou, Zhejiang, China, October 20, 2023. Hangzhou Zhejiang China PUBLICATIONxNOTxINxFRA Copyright: xCFOTOx originalFilename: cfoto-shanghai231020_npXuP.jpg

The Star50 Index was supposed to symbolize a new China. Head of state Xi Jinping personally announced it. But since its launch, the Shanghai tech index has only gone downhill. The government is reacting.

Jörn Petring

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Last updated: 24. July 2025

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