China NDRC disappoints market with weak insufficient plan ..market crash...

sgbuffett

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08-10-2024, 02:12 PM

Looks like hard for China to recover as they are unable to maintain confidence of investors due to very weak policy making

https://www.cnbc.com/2024/10/08/china-st...mulus.html

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.

(This post was last modified: 08-10-2024, 02:22 PM by sgbuffett.)

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Zannn

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08-10-2024, 02:13 PM

(08-10-2024, 02:12 PM)sgbuffett Wrote: Looks like gard for Chjna to recover as they are unable to maintain confidence of investors du tk very weak policy making

https://www.cnbc.com/2024/10/08/china-st...mulus.html

Whats yr plan for yr 5x leverage long?

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sgbuffett

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08-10-2024, 02:17 PM

(08-10-2024, 02:13 PM)Zannn Wrote: Whats yr plan for yr 5x leverage long?

I already cut loss and get out when market drop this morning.

Looks very weak with no buyer.

I don't think anyone has confidence in China policies.

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.

(This post was last modified: 08-10-2024, 02:18 PM by sgbuffett.)

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Zannn

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08-10-2024, 02:17 PM

(08-10-2024, 02:17 PM)sgbuffett Wrote: I already cut loss and get out when market drop this morning.

Looks very weak with no buyer.

Good move

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Sharexchange

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08-10-2024, 04:37 PM

Failed CCP QE...as expected

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teaserteam

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08-10-2024, 05:41 PM

China's Stimulus in 2008 was about 4 Trillion yuan; then, the GDP was about USD 4,6 Trillion. Today, the GDP is about USD 19 trillion. By direct proportion, they might require 19/4.6*4=16 Trillion Yuan or more than USD 2 Trillion. Some predict that China might need around USD 1.4 Trillion.

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Sentinel

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08-10-2024, 05:58 PM

China announced its latest economic stimulus package on September 24, 2024. This package is considered the most substantial since the onset of the COVID-19 pandemic and aims to rejuvenate the economy amid ongoing challenges. It includes a plan to issue 2 trillion yuan (approximately $284 billion USD) in special sovereign bonds and implement various consumer subsidies, such as a monthly allowance for families with multiple children.

The announcement was well-received, triggering significant increases in stock market indices, with some experiencing their largest rallies in over 15 years. This stimulus is part of a broader effort to address economic sluggishness and is projected to total around 7.5 trillion yuan (about $1.07 trillion USD) when fully realized, which would make it one of the largest in nominal terms in China's history.

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Purikura

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18-10-2024, 01:49 PM

Third world china economy already so jialat. Crashing and sinking all the way down to their death lololololol Tongue

No wonder so many ah tiongs are very poor and have to sleep on the streets. Many ah tiongs are dying to flee out of the shithole collapsing third world china! Tongue

Sick man of asia will forever be sick man! Tongue

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