23-01-2024, 10:01 AM
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China's premier calls for better measures to arrest stock rout
23-01-2024, 11:09 AM
(23-01-2024, 10:01 AM)forum456 Wrote: https://www.theedgesingapore.com/news/ch...stock-rout
The PRC system is a very different animal from those countries who's gov policy is driven by stock market.
unlike the Washington, Beijing is not bothered with the play of market sentiments nor real-estate crisis...Preferring instead the time-tested market correction and allowing bubbles to pop! rather than squandering its real $ and assets just to shore up private losses..
"...A confluence of factors have driven the swoon in Chinese stocks since 2024 began, ranging from a deepening housing slump to stubborn deflationary pressures, as well as Beijing’s reluctance to use aggressive monetary and fiscal measures to revive growth. Uncertainties about the trajectory of US interest rates, and concerns about tighter regulatory oversight have added to the pessimism."
You've got friendly neighbours? Grow Up! - 李光耀 2013
23-01-2024, 12:29 PM
Hurray my paper loss in Alibaba going to come back.
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