英语翻译：谢谢.主要是sending the Shanghai Composite Index to 3 ½-year lows below 2,000Among emerging markets, China is the wild card which may explain the low valuation of its stock market. New Chinese leadership is now in place, which should remove some policy paralysis, but so far stock investors are unimpressed, recently sending the Shanghai Composite Index to 3 ½-year lows below 2,000 for the first time since January 2009.

英语翻译：谢谢.主要是sending the Shanghai Composite Index to 3 ½-year lows below 2,000
Among emerging markets, China is the wild card which may explain the low valuation of its stock market. New Chinese leadership is now in place, which should remove some policy paralysis, but so far stock investors are unimpressed, recently sending the Shanghai Composite Index to 3 ½-year lows below 2,000 for the first time since January 2009.