中国基准股指 CSI 300 指数已进入熊市区间，较 6 月高点下跌 20%，因中国股市的持续抛售进一步加深。
China's benchmark CSI 300 index has entered bear-market territory, falling 20% from its June peak, as a prolonged sell-off in its equities deepens.
该指数追踪在上海和深圳上市的 300 只最大市值股票，已连续 10 周下跌，本周迄今下跌 2.6%，凸显中国股票面临的持续压力，伦敦证券交易所集团 (LSEG) 数据显示。
The index, which tracks 300 of the largest stocks listed in Shanghai and Shenzhen, has declined for 10 consecutive weeks and is down 2.6% so far this week, underscoring sustained pressure on Chinese equities, data from LSEG showed.
Pella Funds 董事长兼首席投资官 Jordan Cvetanovski 表示，中国股市继续面临结构性挑战，尤其是作为世界第二大经济体的中国，正在应对多年产能过剩和过度投资的后果。
Jordan Cvetanovski, chairman and CIO at Pella Funds, said China's equity market continues to face structural challenges, particularly as the world's second-largest economy grapples with the fallout from years of excess capacity and overinvestment.
“我认为中国确实在努力控制过去因产能过度建设和其他问题而遗留下来的麻烦，” Cvetanovski 告诉 CNBC，并指出即使在电池等全球具有竞争力的行业，企业也面临挑战——尽管他在该领域仍看好中国的个别机会。
"I think China is really struggling with reining in the problems that they've had in the past from the overbuild of capacity and other things," Cvetanovski told CNBC, pointing to challenges facing companies even in globally competitive industries such as batteries — a sector where he still sees select opportunities in China.
在激烈竞争侵蚀利润率、甚至引来政府介入的背景下，中国企业一直遭遇利润增长放缓。9 月，中国工业利润增速录得今年以来最疲软表现。
Chinese firms have been suffering from declining profit growth amid intense competition that has eroded margins and even invited the government to step in. In September, the country posted it's weakest growth in industrial profits this year.
受多年房地产低迷和消费需求持续疲弱拖累，世界第二大经济体第二季度经济增速录得三年多来最慢增速。
The world's second-largest economy has posted its slowest growth in over three years in the second quarter, pressured by a multiyear slowdown in the property sector and extended weakness in consumer demand.