Someone might want to mention to the Chinesee Govt. the proper amount needed is 80 Billion a month to make China as stable as the United States!//////////////
Aren’t China’s numbers government estimates (targets)? They are certainly non-GAAP.
Huh! I wonder where they learned that.
you look at the gains before the losses it seems misleading to use the term wiped out value.
The market has already lost 3 trillion in valuation.
So let’s see.....3 trillion divided by 19 billion equals?
There was a documentary from last year called “How China Fooled The World”. It’s quite good - here’s a synopsis from the IMDB:
‘Robert Peston travels to China to investigate how this mighty economic giant could actually be in serious trouble. China is now the second largest economy in the world and for the last 30 years China’s economy has been growing at an astonishing rate. While Britain has been in the grip of the worst recession in a generation, China’s economic miracle has wowed the world. Peston reveals what has actually happened inside China since the economic collapse in the west in 2008. It is a story of spending and investment on a scale never seen before in human history - 30 new airports, 26,000 miles of motorways and a new skyscraper every five days have been built in China in the last five years. But, in a situation eerily reminiscent of what has happened in the west, the vast majority of it has been built on credit. This has now left the Chinese economy with huge debts and questions over whether much of the money can ever be paid back. Robert Peston reveals how China’s extraordinary spending has left the country with levels of debt that many believe can only end in an economic crash with untold consequences for us all.’
And here’s the documentary itself, about one hour long.
Playing a little John Maynard Keynes on their fiddle.
Works every time.
it’s not like they have a system set up to print money and buy stocks with the newly minted cash
selling the stocks at a loss helps curb inflation. and since the money was created out of thin air, it doesn’t matter