Where Are the Chinese Stock-Market Riots? [View article]
Perhaps regular people are too worried about the earthquake efforts and children who died as a result of corrupt construction in Sichuan, or generally surging inflation across the country. Small retail investors are not very important players but yes they have lost their shirts because of China's pyramid-scheme stockmarket. They have a right to be unhappy.
The Power of the Market: 600 Million People in China Lifted Out of Poverty Since 1981 [View article]
Amazing that the CCP gets any credit for reform when they ran China into the ground for 40 years. The success since then should be seen against the catastrophic failures between 1949-1978, including millions who died in a government-policy inspired famine.
Moving from USD $1 to USD $2 per day is important when you're dirt poor, but not much to celebrate. While most continue to struggle, the ruling CCP elite line their pockets with the nation's wealth, denying the majority of basic rights, and causing incalculable damage to China's environment.
Is this really the measure of success? China should expect and demand more.
There's no big government selling. China's not privatizing companies through the stock market. Check your facts. Any major selling is just SOE cross holdings. The Socialist Market Economy is government owned, sorry if you were misled.
It's already a cheating machine and always has been.
The companies are just government operations and government held stocks won't float because there is no plan to privatize. New regs ensure government maintains control, they're not to protect the stock market.
Where Are the Chinese Stock-Market Riots? [View article]
The Power of the Market: 600 Million People in China Lifted Out of Poverty Since 1981 [View article]
Moving from USD $1 to USD $2 per day is important when you're dirt poor, but not much to celebrate. While most continue to struggle, the ruling CCP elite line their pockets with the nation's wealth, denying the majority of basic rights, and causing incalculable damage to China's environment.
Is this really the measure of success? China should expect and demand more.
Bullish on China After My Recent Visit [View article]
China's Worst Bear Market [View article]
China's Worst Bear Market [View article]
The companies are just government operations and government held stocks won't float because there is no plan to privatize. New regs ensure government maintains control, they're not to protect the stock market.