Chinese chaos worse than Greece

[Black Alloy]

"WHILE the world worries about Greece, there’s an even bigger problem closer to home: China.

A stock market crash there has seen $3.2 trillion wiped from the value of Chinese shares in just three weeks, triggering an emergency response from the government and warnings of “monstrous” public disorder."

No Cookies | Herald Sun

So much for Chinese cash, they do a great job of cooking the books.

 

[Gijoe]

"WHILE the world worries about Greece, there’s an even bigger problem closer to home: China.

A stock market crash there has seen $3.2 trillion wiped from the value of Chinese shares in just three weeks, triggering an emergency response from the government and warnings of “monstrous” public disorder."

No Cookies | Herald Sun

So much for Chinese cash, they do a great job of cooking the books.

hello stupid, are you really a stupid Indian? this been post 100 times, are you living in a cave?

 

[atatwolf]

I predicted this last year and all the Chinese were laughing when I said this.

 

[C130]

good thing Chinese stock markets are pretty much a closed loop system. what chaos happens in the China stock market won't effect other markets.

a weak china means weak world growth though.

 

[bsruzm]

So many ethnicities, oppresssion, no religion, a massive population (a threat), cruelty, poverty in general... etc. China should be divided. I see so many opportunities for everyone in a divided China.

 

[70U63]

Seriously?

So many ethnicities, oppresssion, no religion, a massive population (a threat), cruelty, poverty in general... etc. China should be divided. I see so many opportunities in China being divided.

 

[uparyupari]

China's stock market is crashing, and the Chinese are trying to do the exact same thing America did in 1929 - Yahoo Finance

China's stock market is crashing, and the Chinese are trying to do the exact same thing America did in 1929

While attention is focused on Greece, China is having a serious market meltdown.

After exploding earlier in the year because of deregulation, China's benchmark Shanghai Composite has collapsed a crazy 29% since the highs of early June. China's other stock markets have had similarly steep falls.

Bloomberg notes that the crisis is closely mirroring the 1929 Wall Street crash, which led to the Great Depression in the US in the 1930s.

China's government is now also using the same tactics as Wall Street did back then to try to prop up the markets.

Over the weekend China's top stock brokerages pledged that they would collectively buy at least 120 billion yuan (£12.3 billion, $19.3 billion) of shares to help steady the market, with backing from the People's Bank of China.

The central bank is effectively becoming the buyer of last resort, printing money to buy up shares and prop up prices.

In 1929, Wall Street's banks did something similar. JPMorgan and several other top financial firms agreed to pool resources and buy up shares to put a floor under prices. It happened after a drop of about 30% for the Dow Jones Industrial Average.

The effort by the US banking systems had only the briefest of effects on the index, and America was eventually plunged into the Great Depression.

It's too early to tell whether China's latest move will work, despite the insistence of state media. So far it has failed to curb the huge volatility that has been plaguing China's stock markets recently. The Shanghai Composite opened up over 7% and eventually slipped back into the red before ending the day up 2.4%.

 

[rcrmj]

So many ethnicities, oppresssion, no religion, a massive population (a threat), cruelty, poverty in general... etc. China should be divided. I see so many opportunities for everyone in a divided China.

barbarism, terrorism, cruelty, poverty, genocide and fascism ``` the existence of Turkey is a curse to its neighbors and human civilization ``` that savage nation and people brought nothing to human civilization but war, pillage and ethnic extermination``

so there is no wonder of showing their sheer ignorance as they speak in any matters``

 

[rcrmj]

@Horus


First does that Chinese reality i've mentioned in my post require a 'Negative Rating' given by another Chinese?

Then, how come those Chinese freely insult Turkish members and nation then goes unpunished?

what I had replied you were solid truth about Turkey too```we insult you lot because of your sheer stupidity and ignorance```and the support to terrorism as simple as that

 

[Archie]

I believe Chinese Government should have taken action, when stock markets were up more than 70%.
Now when the crash happens after markets were up by 150%,
Its going to be more painful
The Chinese should have learnt from the Indians
Our BSE jumped from 9000 to 21000 in One year, during 2007-08.
Indian Finance minister P Chidambaram had said that he was getting worried, with this rapid rise.
But he failed to do anything,
And then when markets started to decline albeit a lot slower than the Chinese crash is
loosing 700 Billion USD over 6 months,

But it had a negative impact on the commodity markets, Core sector of the economy, manufacturing.

This led to a lot of people going out of Business

 

[drunken-monke]

China is using the same tactics that America used to fight the 1929 Wall Street Crash | Business Insider India

 

[Skull and Bones]

Since China doesn't hold much external debt, the ripple effect for external world will be minimal. But because of huge debt, there will some serious internal restructuring.

 

[bsruzm]

barbarism, terrorism, cruelty, poverty, genocide and fascism ``` the existence of Turkey is a curse to its neighbors and human civilization ``` that savage nation and people brought nothing to human civilization but war, pillage and ethnic extermination``

so there is no wonder of showing their sheer ignorance as they speak in any matters``

what I had replied you were solid truth about Turkey too```we insult you lot because of your sheer stupidity and ignorance```and the support to terrorism as simple as that

Why don't you give him a negative rating, too? @Chinese-Dragon

If possible, I expect a ban, too. @WebMaster

 

[Superboy]

stock market is game of Jews

 

[opruh]

I predicted this last year and all the Chinese were laughing when I said this.

They are still probably laughing you.