China loses status as world's second-largest stock market amid trade war with US

[F-22Raptor]

Chinese shares ceded their ranking as the second-largest stock market in the world to Japan, the Financial Times reported on Friday.

Chinese stocks were worth a total of $6.09 trillion at the market close on Thursday, the FT said, referring to figures from Bloomberg. That compared to the $6.16 trillion market value of the Japanese shares at the end of the Thursday trading session.

China's market surpassed Japan in market value in November 2014 to become the world's second-largest, the FT said. The U.S. stock market, which continues to be the world's largest, was valued at $31 trillion at the end of Thursday, it added.
The change in rankings came after Asian markets declined in the previous session amid an elevation in trade tensions after the Trump administration said it was considering increasing a proposed tariff on $200 billion in Chinese goods to 25 percent compared to an initially announced 10 percent.

Chinese stocks have been hit this year as uncertainty over Beijing's trade relations with the U.S. continue to persist. The Shanghai Composite has fallen some 17 percent this year and was more than 23 percent below its 52-week high at the market close on Friday.

On Friday, the Shanghai Composite extended losses seen in the last session, falling 0.97 percent to close at 2,741.08 while the CSI 300, which tracks blue chips traded in Shanghai and Shenzhen, dropped 1.65 percent.

Meanwhile, Japan's benchmark Nikkei 225 drifted higher by 0.06 percent by the end of the day. https://www.cnbc.com/2018/08/03/chi...lds-second-largest-stock-market-to-japan.html

 

[Ajaxpaul]

Oh but China is definitely winning the trade war !!

 

[LeGenD]

Chinese are noted for being shrewd but they are not thinking this matter through.

Give US some concessions and end this madness which will only hurt commonfolk.

 

[TheTruth]

Chinese are noted for being shrewd but they are not thinking this matter through.

Give US some concessions and end this madness which will only hurt commonfolk.

The thing is, stocks are 20-25% of US wealth, and a big part is owned by foreigners. They're about 4-5% of China's.

 

[UserUnknown2025]

Chinese are noted for being shrewd but they are not thinking this matter through.

Give US some concessions and end this madness which will only hurt commonfolk.

The US government is basically demanding China to commit suicide, I.e. telling it to stop investing in any high tech....
Chinese officials won’t trade China’s future for a title as meaningless as the second largest stock market in the world.
A three year old will tell you that it’s better to live than die...

 

[sunstersun]

Chinese are noted for being shrewd but they are not thinking this matter through.

Give US some concessions and end this madness which will only hurt commonfolk.

shrewd stop being a part of the chinese playbook after Xi took unlimited power.

 

[Dalai Lama]

Chinese are noted for being shrewd but they are not thinking this matter through.

Give US some concessions and end this madness which will only hurt commonfolk.

Not really. Beijing is known to be vehemently immature. Panda diplomacy anyone?

 

[HannibalBarca]

The US government is basically demanding China to commit suicide, I.e. telling it to stop investing in any high tech....
Chinese officials won’t trade China’s future for a title as meaningless as the second largest stock market in the world.
.

That's not US conditions... They ask to mostly give Access to US companies to the CN market, without the barrier of Today, like the famous transfer of Tech to get a market and so on... AND protect the intellectual property of US companies on CN soil...

 

[Hamartia Antidote]

Chinese shares ceded their ranking as the second-largest stock market in the world to Japan, the Financial Times reported on Friday.

Chinese stocks were worth a total of $6.09 trillion at the market close on Thursday, the FT said, referring to figures from Bloomberg. That compared to the $6.16 trillion market value of the Japanese shares at the end of the Thursday trading session.

China's market surpassed Japan in market value in November 2014 to become the world's second-largest, the FT said. The U.S. stock market, which continues to be the world's largest, was valued at $31 trillion at the end of Thursday, it added.
The change in rankings came after Asian markets declined in the previous session amid an elevation in trade tensions after the Trump administration said it was considering increasing a proposed tariff on $200 billion in Chinese goods to 25 percent compared to an initially announced 10 percent.

Chinese stocks have been hit this year as uncertainty over Beijing's trade relations with the U.S. continue to persist. The Shanghai Composite has fallen some 17 percent this year and was more than 23 percent below its 52-week high at the market close on Friday.

On Friday, the Shanghai Composite extended losses seen in the last session, falling 0.97 percent to close at 2,741.08 while the CSI 300, which tracks blue chips traded in Shanghai and Shenzhen, dropped 1.65 percent.

Meanwhile, Japan's benchmark Nikkei 225 drifted higher by 0.06 percent by the end of the day. https://www.cnbc.com/2018/08/03/chi...lds-second-largest-stock-market-to-japan.html

As certain PDF members here would say...just another sign of a dying/declining power.

 

[Nilgiri]

Chinese are noted for being shrewd but they are not thinking this matter through.

Give US some concessions and end this madness which will only hurt commonfolk.

Chinese govt puts face well before commonfolk (which is quite low in the hierarchy of its priorities)...

Always has done, always will...till they are booted out....given the totalitarianism streak it has as fundamental character.

I don't really blame China per se though, they took what was offered and ran with it...and now the inevitable counterforce has arrived (just very much delayed). I blame Bill Clinton and his globalist posse much much more for injecting yet again the "trust and never verify" ideology pushed by their wall st. donors on such grand scale....that too pretty much right after the Reagan presidency where much better model was proven versus the Soviets.

 

[Zsari]

That's not US conditions... They ask to mostly give Access to US companies to the CN market, without the barrier of Today, like the famous transfer of Tech to get a market and so on... AND protect the intellectual property of US companies on CN soil...

You are merely reading from the US media, not the underlying cause of the US action. US companies has much greater presence in China than the other way around to complain about market access. The aggregating sales balance is in favor of the US as US companies are making more money from China despite the disparity in trade numbers. Are Cisco, Apple, Intel transferring technology for access to the Chinese market? Tech transfer is only in a very limited field where China needs to protect mainly its domestic auto industry. US has a 60 billion trade surplus in service against China, and large portion of that is licensing fee paid for the US IP. If China does not honor US companies' IP, then it would have saved alot more money, which is something China could do as a retaliatory measure. Reading the writing by Trump advisers, it was never about trade, but a declining US.

 

[HannibalBarca]

You are merely reading from the US media, not the underlying cause of the US action. US companies has much greater presence in China than the other way around to complain about market access. The aggregating sales balance is in favor of the US as US companies are making more money from China despite the disparity in trade numbers. Are Cisco, Apple, Intel transferring technology for access to the Chinese market? Tech transfer is only in a very limited field where China needs to protect mainly its domestic auto industry. US has a 60 billion trade surplus in service against China, and large portion of that is licensing fee paid for the US IP. If China does not honor US companies' IP, then it would have saved alot more money, which is something China could do as a retaliatory measure. Reading the writing by Trump advisers, it was never about trade, but a declining US.

If you speak about Apple, then you know what happened in the Beginning? What about Patent property? Then what Happen to Boeing in CN? What About Google? and the list goes on...

I understand that the US feel threatened by CN... But the other side should also understand that CN companies abroad enjoyed more "Freedom" and "Rights" than any Foreign company in CN...

In CN, your Innovation is equal to nothing... it's not protected neither rewarded... Things are changing, but still lacking...

 

[mr.robot]

Chinese govt puts face well before commonfolk (which is quite low in the hierarchy of its priorities)...

Always has done, always will...till they are booted out....given the totalitarianism streak it has as fundamental character.

I don't really blame China per se though, they took what was offered and ran with it...and now the inevitable counterforce has arrived (just very much delayed). I blame Bill Clinton and his globalist posse much much more for injecting yet again the "trust and never verify" ideology pushed by their wall st. donors on such grand scale....that too pretty much right after the Reagan presidency where much better model was proven versus the Soviets.

That takes us back to Stanford.

Trust but Verify: Auditing Secure Internet of Things Devices
Judson Wilson, Riad S. Wahby, Henry Corrigan-Gibbs, Dan Boneh, Philip Levis, and Keith Winstein
Published in Proceedings of the The 15th ACM International Conference on Mobile Systems, Applications, and Services (MobiSys 2017), June 2017.
Abstract
Internet-of-Things devices often collect and transmit sensitive information like camera footage, health monitoring data, or whether someone is home. These devices protect data in transit with end-to-end encryption, typically using TLS connections between devices and associated cloud services. But these TLS connections also prevent device owners from observing what their own devices are saying about them. Unlike in traditional Internet applications, where the end user controls one end of a connection (e.g., their web browser) and can observe its communication, Internet-of-Things vendors typically control the software in both the device and the cloud. As a result, owners have no way to audit the behavior of their own devices, leaving them little choice but to hope that these devices are transmitting only what they should. This paper presents TLS--Rotate and Release (TLS-RaR), a system that allows device owners to authorize devices, called auditors, to decrypt and verify recent TLS traffic without compromising future traffic. Unlike prior work, TLS-RaR requires no changes to TLS's wire format or cipher suites, and it allows the device's owner to conduct a surprise inspection of recent traffic, without prior notice to the device that its communications will be audited.

 

[UserUnknown2025]

If you speak about Apple, then you know what happened in the Beginning? What about Patent property? Then what Happen to Boeing in CN? What About Google? and the list goes on...

I understand that the US feel threatened by CN... But the other side should also understand that CN companies abroad enjoyed more "Freedom" and "Rights" than any Foreign company in CN...

In CN, your Innovation is equal to nothing... it's not protected neither rewarded... Things are changing, but still lacking...

Really? Then what do you call Chinese unicorns like Cambricon, Ant Financial, Didi Chuxing, Aliyun, Meituan-Dianping, Toutiao, CATL, Cainiao Logistics, Lufax, JD logistics, DJI, Webank, Koubei, OneConnect, Lianjia, Homelink, NIO, Meizu, BAIC BJEV, UBTech Robotics, Face++, SenseTime....
Don’t tell me that all of them were stolen from other countries because most of them don’t exist in other countries. And also don’t tell me that they were stolen from the future...
I know you guys hate us Chinese and wish the Chinese people to suffer so you can stop masquerading. At least admit it.

That's not US conditions... They ask to mostly give Access to US companies to the CN market, without the barrier of Today, like the famous transfer of Tech to get a market and so on... AND protect the intellectual property of US companies on CN soil...

If that’s the case then why doesn’t the US end all transfer of technology. The alleged “forced” tech transfer is just an excuse for trying to stop China from moving up the value chain and you know it. So stop denying it.

 

[Zsari]

If you speak about Apple, then you know what happened in the Beginning? What about Patent property? Then what Happen to Boeing in CN? What About Google? and the list goes on...

I understand that the US feel threatened by CN... But the other side should also understand that CN companies abroad enjoyed more "Freedom" and "Rights" than any Foreign company in CN...

In CN, your Innovation is equal to nothing... it's not protected neither rewarded... Things are changing, but still lacking...

You really think Huawei is enjoying more "freedom" in the US than Cisco is in China? Google left the Chinese market on its own accord for unwilling to abide by the local law. No company is forced into a joint venture by China, and there is nothing wrong with technology transfer.

WTO on technology transfer.

Article 7 (“Objectives”) states that the protection and enforcement of intellectual property rights should contribute to the promotion of technological innovation and to the transfer and dissemination of technology, to the mutual advantage of producers and users of technological knowledge and in a manner conducive to social and economic welfare, and to a balance of rights and obligations. The obligation for developed countries to provide incentives for technology transfer are in Article 66.2.
https://www.wto.org/english/tratop_e/trips_e/techtransfer_e.htm