You really only do that when the economy is booming: the Chinese government is trying to stabilize the stock market, which has been crashing for months, and is now providing subsidies amounting to 278 billion dollars, after having already partially banned short selling and instructed funds to stop selling. for months we have been observing massive outflows of funds from abroad from the Middle Kingdom, which also indicates a continuing repressive policy and increasing weakness of the economy. China must do its homework if international investors are to put the country back on the buy list.
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322 sats \ 6 replies \ @siggy47 23 Jan
I guess they're trying to jawbone some stability by threatening to completely nationalize the stock market. If they actually do it, even the dumbest investors will finally bail. It still amazes me to hear MSM stockpickers shilling Chinese securities.
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33 sats \ 5 replies \ @TomK OP 23 Jan
Do You really think they would go so far and nationalize the market? This would destroy confidence of their ''partners'' like Russia and the others, too. Mmh.
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0 sats \ 4 replies \ @siggy47 23 Jan
No. That's why I think they're just jawboning. What if it doesn't work, though?
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209 sats \ 3 replies \ @TomK OP 23 Jan
Maybe they would enforce a halt for some days due to fake cyber attacks? Big funds already can't sell, right? Last possibility would be the japanese model of, what You said, at least partially nationalizing it buy continually buying via hidden accounts.
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7 sats \ 2 replies \ @siggy47 23 Jan
Your scenario seems most likely.
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51 sats \ 0 replies \ @go 23 Jan
^ an internet first ^
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51 sats \ 0 replies \ @TomK OP 23 Jan
Will be a big party anyways
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21 sats \ 1 reply \ @cascdr 23 Jan
Looks like a shitcoin chart lol
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0 sats \ 0 replies \ @TomK OP 23 Jan
De facto it is one: CommieCoin
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21 sats \ 1 reply \ @kr 23 Jan
wow, had no idea China’s stock market was so close to the Oct 2022 lows.
are any major markets doing worse?
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239 sats \ 0 replies \ @TomK OP 23 Jan
I don't think so
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