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| Economy |
| Chinese stock market loses 3.2 trillion in 3 days, slump spreading |
| 2015-07-07 |
| Posted by:DarthVader |
| #6 See DRUDGEREPORT > TELEGRAPH.UK = THE REALLY WORRYING FINANCIAL CRISIS IS HAPPENING [now] IN CHINA, NOT GREECE. LOOKS LIKE CHINA IS HEADING TOWARD ITS VERSION OF 1929 [USA]STOCK MARKET CRASH. * BLOOMBERG, LUCIANNE > CHINA SLUMP SPREADS AS ALIBABA TO JD.COM WHIPSAW INVESTORS | ... ADRS APPROACH BEAR MARKET. VERSUS * DEFENCE.P/FORUMS > [Financial Times] FOR CHINA THE END OF THE COMMUNIST PARTY IS NIGH - BUT IN NAME ONLY!? Iff the CCCC/CPC is able to hold to power, BY "ANY MEANS NECESSARY" INCLUDING BUT NOT LIMITED TO VIOLENCE + FORCED REPRESSIONS, CAN CHINA'S ECON NOT ONLY RECOVER BUT STILL EXPAND UNDER COMMIE AUSPICES. Or will China sees its version of USSR-style perennial econ stagnation, write-offs, + finally IMPLOSION ala 1991??? CAN POST-SOVIET/1991 SO-CALLED "COMMUNIST CAPITALISM/COMMPITALISM" SURVIVE IN CHINA??? * SAME > "HEADS MUST ROLL": GERMANY NEEDS NEW LEADERS WHO FAVOR RUSSIA, NOT THE US. * GROONG >[Sputnik News] BRICS COUNTRIES ARE STRONGER THAN THE WEST - GERMAN NEWSPAPER [Die Tageseitung]. As a reminder, RUSSIA = has said that neither the BRICS, SCO-CSTO, nor the new Eurasian Customs Union will be turned into [Russia-led/dominated] FORMAL MILITARY ALLIANCES agz the US-West andor China. Remains to be seen as per China's struggle for "sole" strategic access into the far Pacific vee the mainly pro-US "First Island Chain". |
| Posted by: JosephMendiola 2015-07-07 22:25 |
| #5 For years there has been the open question of whether China would get rich first, or old. Maybe that question is now answered. |
| Posted by: Iblis 2015-07-07 16:53 |
| #4 it devalued by 3.2 trillion. The loss will be a fraction of that, and the only worry is that the losses are focussed on those who speculated on shares using debt. |
| Posted by: Bright Pebbles 2015-07-07 14:25 |
| #3 Not a big market for chinese shorts. |
| Posted by: Skidmark 2015-07-07 14:08 |
| #2 No short sales allowed |
| Posted by: Frank G 2015-07-07 13:44 |
| #1 Maybe the Chinese might have learned not to bailout speculators. Then again, corruption in China is world class to begin with. Let's watch. Popcorn please. |
| Posted by: Procopius2k 2015-07-07 13:17 |