The New Profit Warnings Coming Out of China

The video discusses the financial challenges faced by PetroChina and China Life in 2016. PetroChina experienced a significant profit drop due to declining international oil prices, with profits potentially falling by 70-80%. The video also highlights the correlation between PetroChina's stock performance and crude oil prices. In contrast, China Life's profit decline is linked to stock market investments, with a potential 40-50% drop in profits. The video concludes with an analysis of oil price trends and predictions for 2017, suggesting a potential recovery.

What correlation exists between the stock prices of insurance companies in China and the stock market?

What trends were observed in the Shanghai Composite Index over the last year mentioned in the text?