[ROFLMAO]

  Stupid Wumao.. China stock market bubble already burst 

https://www.forbes.com/sites/williampese...97530d75e8

China Triggers $1 Trillion Market Meltdown, And It’s Just Getting Started

The first real crisis of Chinese President Xi Jinping’s tenure was in the summer of 2015, when Shanghai stocks collapsed.

A 30% plunge in the market in just a few weeks began hitting Wall Street stocks, too. That put Xi’s team in all-out emergency mode. It pulled out all the stops: lowering interest rates; easing leverage limits; cutting reserve requirements; halting initial public offerings; shutting off trading in thousands of listed companies; letting punters use apartments as collateral to buy shares; calling on average Chinese to buy the market out of patriotism.

It worked, too. In the years that followed, the market soared. By 2018, Shanghai shares were added to the MSCI index as Beijing opened more and more channels for international investors to bet on China Inc.

Given the chaos of 2015, and the China’s success in moving beyond it, why is Beijing pushing the market back to the brink?

This is indeed a fair description of recent events in China. Beijing’s unexpected role as market wrecking ball arguably began in November, when the country’s regulators scrapped what would have been history’s biggest initial public offering.