Share transactions in China have hit their lowest level in over four years, with turnover on the Shanghai and Shenzhen exchanges dropping nearly $70 billion, the lowest since May 2020. The decline reflects growing pessimism in a weakening economy, exacerbated by an unprecedented housing crisis and a shift toward government bonds. Some investors remain optimistic about China's long-term growth. The CSI 300 Index, China's benchmark, has fallen over 3 this year, making it the worst performer among major global equity indices.