Mainland Chinese shares continued to slide on Wednesday, falling more than 8% on opening. The slump came despite more moves by China's regulators to try and stabilize the recently volatile market. Read full article
3 Generations of wealth is disappearing in China.
The big money got out long ago and its sitting in the USA UK
All that's left now are retail investors seeing their own, their parents and their grandparent's savings evaporate.
This was either a deliberate move from the C gov't or a very very bad mistake.
The smoke and mirrors has finally had light shed on it.
and its not pretty.
I told you all long ago the massive foreign capital reserves they have won't be near enough to contain the mess when it all goes.
Its all going now
I wonder if they'll be able to contain the civil unrest when it starts
This stock market crash is distracting us from the real story. People need to remember that the stock markets in the PRC are not like they are in the US. Most capital is raised elsewhere and the markets are a very small segment of the economy.
The fact is that the PRC is flush with money - most of it from the US. But, of course, they cannot spent most of this money at home. So they are spending it where it does their country the most good:
Comments
Disclaimer & comment rules3 Generations of wealth is disappearing in China.
Jul 08th, 2015 - 02:56 pm - Link - Report abuse 0The big money got out long ago and its sitting in the USA UK
All that's left now are retail investors seeing their own, their parents and their grandparent's savings evaporate.
This was either a deliberate move from the C gov't or a very very bad mistake.
The smoke and mirrors has finally had light shed on it.
and its not pretty.
I told you all long ago the massive foreign capital reserves they have won't be near enough to contain the mess when it all goes.
Its all going now
I wonder if they'll be able to contain the civil unrest when it starts
There will be a great buying opportunity in a about a week.
Jul 08th, 2015 - 03:49 pm - Link - Report abuse 0This is the Man!
Jul 08th, 2015 - 04:19 pm - Link - Report abuse 0https://www.youtube.com/watch?v=q8iOFyY1zHg
He is if you can't manage your own affairs...
Jul 08th, 2015 - 05:04 pm - Link - Report abuse 0@ 3 Brasso
Jul 08th, 2015 - 06:55 pm - Link - Report abuse 0Were you born this bat-shit stupid or did you have lessons?
This stock market crash is distracting us from the real story. People need to remember that the stock markets in the PRC are not like they are in the US. Most capital is raised elsewhere and the markets are a very small segment of the economy.
Jul 09th, 2015 - 02:45 am - Link - Report abuse 0The fact is that the PRC is flush with money - most of it from the US. But, of course, they cannot spent most of this money at home. So they are spending it where it does their country the most good:
http://nationalinterest.org/feature/the-chinese-investment-really-matters-13288
The PRC is not flush with money. Their reserves are not near enough to fix what ailes the economy.
Jul 10th, 2015 - 08:46 pm - Link - Report abuse 0Theyre bankrupt they just dont know it yet.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!