Experts Explain Where China Market Rally Goes Next | Bloomberg Markets: Asia 10/3/2024
“Bloomberg Markets: Asia” is the definitive guide to the markets in Hong Kong and on the mainland. Haslinda Amin brings you the latest news and analysis to get you ready for the trading day.
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14 Comments
China's 🇨🇳 market will cool and retreat to where it was a week ago.
– It's impossible to revive a dead horse.
Chinese property sector, which accounts for 30% of GDP, is crashing.
– Exports and imports, accounting for 37% GDP, are down.
– Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
– Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
– Consumer prices are experiencing deflation.
– Youth unemployment hits over 21%, a record.
– Its fast-shrinking workforce is 10 years older than neighboring countries.
Still, China keeps reporting outrageous GDP numbers. Lol
Where does the growth come from?
“The road to serfdom consists of working exponentially harder to earn a currency that is growing exponentially weaker.”
Chinese govt control RMB exchange rate, plus BRICS meeting is coming, RMB would not be down. Chinese economy would not be like Japan's in 1990.
seems the US had a little chat with Japan… don't raise rates or else
HSI recover losses , it’s not pausing , too much money flowing in, I like it.
Come back to 12:59
Will the experts be able to tell me when I can win big at the casino tonight?
She's a really good host, lively, quick, knowledgable, and keeps the interviews moving. 👍
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Small rally gives these turds an exit point to get out and bring cash out. At the same time, you'll have these individuals say that they believe in the market and they are committed.
Chinese markets are closed until October 7
who cares about India?
I’ve had majority of my holdings in tech stocks and I've done pretty well, especially with Apple’s P/E (price to earnings ratio) but with much uncertainty now, my question is what stocks can be the next APPL in terms of growth for the next decade?