China is distorting its stockmarket by trying to prop it up

[2OEH8eoCRo0]

https://www.economist.com/finance-and-economics/2024/06/10/china-is-distorting-its-stockmarket-by-trying-to-prop-it-up

[jqpabc123]

Let's be honest --- everything in China is subject to heavy handed government influence. There is very little real independence.

Don't take my word for it --- just ask Jack Ma.

[smarm52]

https://en.wikipedia.org/wiki/Planned_economy

https://en.wikipedia.org/wiki/Five-year_plans_of_China

They've got to prop it up while rich/important people get their money out. Plus, they need to look like something to invest in as Westerners flee because they're stealing their money.

[more_corn]

Paywalled