Skip to comments.That Calm Chinese Stock Market? Itís Engineered by the State
Posted on 06/01/2018 10:42:33 AM PDT by heartwood
SHANGHAILong derided as a casino, Chinas once-volatile stock market is going through a long stretch of calm. One reason is an orchestrated government effort to keep traders and investors in line.
Three years after a national uproar when Chinese stocks plunged by nearly half in just over two months, traders and brokers say regulators are increasingly stepping in to influence trades and make Chinas markets appear less volatile, especially during political events when Beijing wants to project stability.
(Excerpt) Read more at wsj.com ...
Never in over 25 years... has the state been so involved and interfering in micro issues," said Fraser Howie, an independent analyst and author of Privitzing China: Inside China's Stock Markets.
Lin Yunan, an investor in Shantou, said he received a government warning... when he sold and quickly bought back around $325000 worth of stock during the time of a meeting of Chinese political leaders.
He had to promise to refrain from such behavior in the future to avoid harsher punishments such as a trading ban.
Making the commissars look good. Private ownership, state control : fascism, not communism.
It's going to be interesting, as in, May you live in interesting times, when our markets entwine with theirs and they give orders for external destabilization.
You mean the Chinese Communist Party Stock Market
I mean the Chinese Fascist Party stock market.
I would really like Americans on the left who use the word “fascist” to slur anyone to the right of them to understand what it actually means.
A pet hopeless endeavor of mine.
Important Chi-com economy update.
Not surprising they micro-manage market activity.
Chi-coms are merciless absolute control freaks:
China’s Surveillance State Should Scare Everyone - The Atlantic
Feb 2, 2018 ... China’s Surveillance State Should
Scare Everyone. The country is perfecting a vast network of digital espionage as a means of social ...
China’s Ever-Expanding Surveillance State | The Diplomat
Apr 25, 2018 ... China’s authoritarian regime is
taking systematic steps to expand its surveillance of people and communication channels within the country, ...
How China is watching its citizens in a modern surveillance state ...
Apr 29, 2018 ... The growth of China’s surveillance
technology comes as the state rolls out a ‘ social credit system’ to monitor, rank, and punish citizens.
China’s new surveillance state puts Facebook’s privacy problems in ...
Mar 27, 2018 ... China is building a state-of-the-art
system for tracking everything its people do
What could possibly go wrong?
Communist Chines still run things. They really dont care a whit if people are reduced to penury - THEY can always RULE at the point of a gun.
The artificial economy there has always simply been the tool of the communnists.
Truthfully, the US market managers probably recommended that China do these things, *copying* US markets. Probably also that they need to have stricter micromanagement than the US, because Chinese players aren’t as disciplined, yet.
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