11-10-2023, 09:00 PM
(11-10-2023, 01:39 PM)sgbuffett Wrote: Since beginning of teh year the HSI has mini rallied 4 tines and each time the rally fails and the HSI goes lower.
Thia current mini rally is yet another dead cat bounce.
Yes it is sharp but like the last 4 it cannot last because China economy remains weak and China govt is not doing any big measures..
The collapse of China's propeprty sector will take years to resolve.
The debt problems un Chuna especially local govt debt is a serious problem.
Do u know what u r reading in the news? Did u know the budget deficit of rmb1tr is a rare budget revision move?