Investors are looking ahead to a media conference by China’s finance minister on Oct 12, amid speculation the government may roll out a massive spending plan to add to a raft of measures unveiled last month. Mainland markets have tanked, with uncertainty over what may be announced. CNA’s Tan Si Hui reports.
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China's 🇨🇳 barrage of stimulus won't address its structural issues:
– property bust,
– deflation threat, or
– long-term demographic problem.
It may only help short-term goals.
Leek harvesting of chinese citizens or anyone who bought into the hype. Just look at the last 30 years of chinese stockmarket, happened many times. Wide out too many times, which is why chinese people don't like to invest in chinese stocks.
China ask its citizen to invest in stock with promise higher stock market value days later china stock crash 😂😂😂it seems CCP rob its own citizen😂😂😂
Social media influencers predicting a bull run encouraged a huge number of newbie speculators to enter the market, who ended up as bag holders for companies who are cashing out. That is a major reason why the Shanghai and Shenzhen indices tanked so quickly after an initial rally on 8th Oct.
@user-gw9yx2wx5g
I bought millions worth in shares IMD. Let's see who is right. When there are chickens, wolf is always ready.