Thomson ReutersInvestors looking at computer screens showing stock information at a brokerage house in Shanghai.See AlsoFBI chief wants ‘backdoor access’ to encrypted communications to fight ISISRussia woos China before BRICS summitChina’s market crash is reversing the most important thing the government has been trying to do in decadesChina has announced a blanket ban on major shareholder selling for the next […]
Stock information listed on a mobile phone in Shenyang, north-east China. Photograph: Yang Qing/Xinhua Press/Corbis
What is happening in China?Stock markets in China are tumbling. A three-week plunge has knocked about 30% off Chinese shares since mid-June. China’s securities regulator has warned of “panic sentiment” gripping investors, many of whom are individuals that have borrowed heavily to play the stock market.Hundreds […]
An investor sits in front of a chart showing China’s Shenzhen stock market index on Monday. David Lom
On Monday, the People’s Daily — essentially the Communist Party’s mouthpiece — declared that “rainbows always appear after the rains” in an attempt to reassure investors.
These words did not halt the overall decline, however, and on Tuesday Chinese stocks fell again, with […]
Flickr/IstolethetvChinese markets have fallen by around 30% in three weeks.China’s stock markets are in turmoil right now, with the benchmark Shanghai Composite collapsing 29% in just the last 3 weeks.The collapse closely mirrors the Wall Street Crash in the US in 1929 and the Chinese government has been desperately scrambling to try and stop the fall. The People’s Bank of China […]
AP ImagesFour members of the House of Morgan stand on a balcony outside the Senate Banking Committee room just before the committee resumed its investigation into the banking institution’s practices, May 31, 1933, in Washington.While attention is focused on Greece, China is having a serious market meltdown.After exploding earlier in the year because of deregulation, China’s benchmark Shanghai Composite has […]
The overheated Shanghai and Shenzhen markets have lost 29 and 32 per cent respectively over the past three weeks following 7-year highs reached on June 12.Instead of welcoming a much needed correction, Chinese brokerages and the Bank of China agreed to prop up the market.Stimulus Short-LivedThe stimulus act has failed already. The South China Morning Post reports Chinese Shares Close […]
Stock market investors in eastern China’s Zhejiang province. Photograph: AP
What goes up, can also come down, as the old adage and the modern-day investor warning go. And that is precisely what the tens of millions of people who hold shares in China have been discovering.Chinese stocks had doubled between last November and mid-June, to the delight of a fast-growing army […]
2) Shanghai shares fell 3.3 percent on Monday despite another rate cut by the People’s Bank of China (PBOC), and reduction in reserve requirements, which allows banks to lend more freely, and again, at a lower cost to borrowers.3) Puerto Rico says it can’t pay the $72 billion owed to its creditors and wants a moratorium on payments until it […]
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Barack Obama is having a pretty good day. On Thursday, the Supreme Court voted in favor to uphold the Affordable Care Act, aka Obamacare.You could argue that he’s having a pretty good presidency overall. On comedian Marc Maron’s podcast on Monday, he listed a bunch of things he accomplished while in office, including “restore people’s 401ks.”A big part of […]
Jonathan Garber
Jun. 10, 2015, 1:52 PM
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Aside from the inflation fueled Venezuela Stock Market Index, China’s Shanghai Composite is the top performing stock market in the world so far in 2015. The Shanghai Composite is up 58% year-to-date, and 151% year-over-year.However, if the bull market that occurred from July 2005 until October 2007 is any indication, the rally is just getting […]
