The Direxion Daily FTSE China Bear 3x Shares (YANG) closed down 7.02% at $56.25 on January 30, as Chinese equities experienced a downturn amid disappointing economic data and ongoing market volatility. The Shanghai Composite Index fell 0.06% to 3,251, with the Shenzhen Component dropping 1.33% to 10,156, as investors reacted to unexpected contractions in factory activity and a slowdown in the services sector. Despite new government initiatives to support the stock market, major firms like East Money and ZTE Corp saw significant losses. The Chinese government's strategy of redirecting credit from the real estate sector to emerging industries such as electric vehicles and semiconductors is seen as a long-term growth plan, but short-term market sentiment remains cautious. Additionally, the re-election of U.S. President Donald Trump and his tariff threats have added to the uncertainty, with analysts skeptical about the potential impact on global growth.