China’s $6.5 trillion stock rout worsens economic peril for Xi | World Business Watch | WION
Chinese officials are under increasing pressure to halt the recent decline in stock prices, which is deepening a crisis of confidence in the world’s second-largest economy. Can China turn things around before it’s too late?
#china #stocks #economy
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26 Comments
13:45 lndia must always remember that the gap in wealth, economic power and military strength between China and India is even greater than the gap in Olympic gold medals.
China: Gold: 40, Silver: 24, Bronze: 29
Hong Kong, China: Gold: 2, Silver: 0, Bronze: 2
India: Gold: 0, Silver: 0, Bronze: 5
India just never stop day dreamin…
India stock is boom,no poverty.
Rich Chinese are immigrating to the West, while the poor stayed in China crying.
India's dream is to have a GDP of $4 trillion by 2024.
Chinese government was wise to let go of the share market, let it fall to the Very bottom to expose the root problems than fixing them is better than pouring money into a bottomless pit. Look at US now, they are borrowing more and more money and still unable to fill the gap as US debts is more than its' GDP; also look at UK where the debts are way above the GDP and the Brits government already announced That they are bankrupt.
Unlike the US, which is totally caught up by what happens in its stock market, China is different. So don't let your hopes go up connecting the real economy to stock prices.
Not sure why Indian medias are so obsess with the Chinese economy when the situation in India is by far and far worse. It’s like a homeless beggar keeps criticizing about how a billionaire managing his money.
China economy is shipting a lot conpare to russia
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War drums are beating globally.
Wuhan 🦠 bots getting busy in their dungeons to comment.
Wuhan 🦠 bots come howling. Being a Dictatorship form of Governance, Chinese are not used to any criticism. So CCP deployed bots to fight out or change perception of China
My portfolio’s been all over the place since the attempt on the presidential candidate. Combine that with China’s economic crisis, and it feels like everything is falling apart.
Chinese economy is reflecting on Australian stock market . Mining companies stocks are down almost 30%.. This is what happen when you design your economy relying on foreign investment
According to Indians, Xi has died 5 times, been arrested 4 times, 'disappeared' 3 times, had a stroke 2 times etc etc….all in the last 5 years ….too funny.
Do not do business with China, they are thieves and they did not follow international law
China is following pakistans economy 😅😅
Shanghai GDP 4.47 trillion dollar. india GDP 3.95 trillion..
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THE CHINESE DO NOT CARE ABOUT THE STOCK MARKET.LESS THAN 10% OF THE CHINESE PEOPLE OWN STOCKS.. THE STOCK MARKET IS NOT AN INDICATOR OF A NATIONS ECONOMIC HEALTH..THE CHINESE ECONOMIC SYSTEM IS BASED ON COMMON PROSPERITY WERE EVEN CHINESE CITIZENS CAN ENJOY THE ECONOMIC PROSPERITY OF THEIR NATION NOT JUST THE RICH. THE CHINESE HAVE 12 TO 18 TRILLION IN DOMESTIC SAVINGS A TRADE SURPLUS OF 1.2 TRILLION DOLLARS ANNUALLY AND 12.5 TOTAL GOVERNMENT DEBT..THE CHINESE DO NOT NEED FDI FOR THIS PHASE OF THEIR ECONOMIC DEVELOPMENT. THE CHINESE ARE NOT GOING TO FINANCILIZE THEIR ECONOMY TO BENEFIT WESTERN INVESTORS..THEY ARE FOCUS ON MANUFACTURING REAL GOODS AND PRODUCING TANGIBLE VALUE FOR THE GLOBAL AND DOMESTIC POPULATION.. FINANCIALIZATION IS BASICALLY PROFITING WITHOUT PRODUCING REAL VALUE. THIS IS WHY THE AMERICAN ECONOMY GOES FROM CRISIS TO CRISIS.
THE CHINED DO NOT NEED FOREIGN INVESTMENT. THEY HAVE REAL CASH. 12 TO 18 TRILLION DOLLARS IN DOMESTIC SAVINGS AND 1.2 TRILLION DOLLARS TRADE SURPLUS..THE CHINESE DO WANT AN ECONOMY BASED ON FINANCIALIZATION AND SPECULATION..THEY DO NOT WESTERN INVESTMENTS.
THE WEST IS MAD CHINA IS NO LONGER THEIR CASH COW AND CASINO. WHAT IS SO WRONG WITH AN ECONOMIC MODEL THAT IS FOCUSED ON IMPROVING THE STANDARD OF LIVING FOR ITS CITIZENS NOT FOREIGN INVESTORS,. 850 MILLION PEOPLE OUT OF POVERTY? INDIA AND THE WEST CAN LEARN FROM CHINESE COMMON PROSPERITY MODEL INSTEAD OF THIS OBSESSION WITH GROW AND POSTING GDP NUMBERS WHILE THE PEOPLE ARE SUFFERING.