China is now losing about $3 billion every day due to its market crash, according to data released by the Asia-Pacific Financial Markets Authority (APFA).
As of today, China’s market has lost about $11.2 billion and is on pace for a loss of $15.7 billion by the end of the week, the data released today by the APFA showed.APFA data showed that the loss in the Chinese stock market was the largest since September of 2017.
The APFA data also showed that on Tuesday, November 18, the Chinese Stock Market lost more than $3.8 billion, the largest daily loss since the start of the year.
The market plunged to an all-time low of $2,000 on November 12, 2016.
Since then, the market has been down more than 80 percent, according the APFMA data.
As of November 14, the APFTAs biggest market was trading at about $9,500.
However, the latest data showed the stock has dropped by more than 90 percent from its high.
The APFTAA data shows that the market is currently trading at around $5,600.
China has lost a total of $5.6 billion in the past two weeks.