China's stock market rebounded after plummeting, analysis: Resume reform and opening up is the only way out

After plunging on January 22, China's stock market has rebounded in recent days, spurred by good policy news. Among them, the People's Bank of China lowered the reserve requirement ratio by 0.5 percentage points and provided about 1 trillion yuan of funds to the market, which in exchange for the stabilization of the stock and foreign exchange markets. However, analysts say that Beijing's bailout policy may be effective in the short term, but in the face of severe challenges to China's economic prospects, the CCP must relax its "financial national security" policy and deepen market opening in order to restore investor confidence.