China Thread

#353
#353
While everyone is watching Greece, China cut interest rates.

Greece is a thriller, but China is a horror show

And there's this:

Almost 8 million new brokerage accounts were opened in the first quarter of this year, and another 4 million in the last week of May alone. According to data published by Bloomberg, more than two-thirds of new investors never attended or graduated from high school. In other words, the taxi drivers and bellhops are in.
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#354
#354
Velo Vol said:
While everyone is watching Greece, China cut interest rates.

Greece is a thriller, but China is a horror show

And there's this:
Click to expand...

I don't know anything about Chinese retail investing, but this screams to me that institutional investors are setting the stage to offload to the dumb money. I bet you can't turn on the TV in China without seeing a clip about a farmer who struck it rich on a stock.
 
#357
#357
CIly0kXUkAE0qFA.jpg:large
 
#358
#358
Velo Vol said:
CIly0kXUkAE0qFA.jpg:large
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win. I guess you were right Velo, Hong Kong has been a part of Brazil not China.

This is part of the reason that Pacer/Ras/other tinfoilers argument about us sucking the MSM line down hard is fooey. We can form coherent arguments, our MSM can not.
 
#359
#359
We'll be able to blame China for the superbug, too.

Study Maps Concentrations of Antibiotics in Chinese Waterways

Antibiotics are freely prescribed in China but can also be bought without a prescription. “The government has started to monitor and limit the use of antibiotics in major hospitals in big cities,” Mr. Ying said. “However, there is no regulatory system for small hospitals and clinics.”
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#361
#361
[youtube]https://www.youtube.com/watch?v=2v3GIstaUOQ[/youtube]

Guy makes an interesting point about Chinese censorship. When it's people complaining about the government, the Chinese generally let them blow off steam. It's only when people start talking about organizing that the authorities step in and shut things down.
 
#362
#362
Where have we heard this before?

In China, hostile foreign forces blamed for bursting stock market bubble

In the past few days, rumors have circulated on the Wechat messaging service that “international capital” — or simply capitalism itself — was attacking China. Goldman Sachs and the Hong Kong office of China Southern Asset Management were supposed to be profiting from short-selling the market – rumors that were later rubbished by the China Securities Regulatory Commission. On Thursday, Chinese media also implied that George Soros or Morgan Stanley might be to blame.

Fan Shaoxuan, a senior executive at Weibo TV who has more than 12,000 followers on Sina Weibo, posted a photograph showing the slogans: “Hold stocks with confidence. Win glory for the country even if you lose the last penny.”
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#363
#363
China share slump: Dealers to spend $20bn to halt slide - BBC News

The Chinese stock market bubble over the past year has been fuelled in part by investors borrowing heavily.
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yet it will all be blamed on the CIA. America ruining another country even though they aren't allowed to invest in it.

they are trying to spend their way out of the bubble. issue is once the money stops there is no reason for it to jump back up.
 
#368
#368
thats a scary chart. interesting to see that the Chinese market has a lower overall value than ours did back then. (i am guessing these were set up relative to each other)
 
#370
#370
Interesting chart. From my perspective the fall is similar but for different reasons. Chinese companies listed on the exchange do not have a audit annually and in most cases have never had one. More than 1/2 of the published information is false. The sheep keep putting money in regardless, now the sheep are pulling out. It could go much lower than the US example.
 
#371
#371
This is a question. China just made it easier and easier for people, many without a high school diploma, to get loans for stock market that the government was directly influencing? What did it mean by the local debt swap? I didn't understand that.
 
#373
#373
"It's a great day for bargain shopping!"

--Chinese CNBC, probably

CJW9aeBVEAAIYPY.png:large
 
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#374
#374
Velo should I borrow a couple million yuan and get in on this? I got $50 American I can put down as collateral.
 
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