By David Dickinson The economic progress of China over the past 40 years or so has been remarkable. Part of that success has been due to the role that the state has played in creating a stable, long-run environment for business to grow and flourish, able to take advantage of the globalisation of economic activity. The … Continue reading
By Willy Lam The recent Chinese stock market crisis has exposed the fallacy of the Chinese Communist Party’s (CCP) contention that it is possible to seek economic development and reform without commensurate political changes. That the authorities have to use a barrage of executive fiats–including deploying the police to investigate what Beijing calls “malicious” brokers and … Continue reading
By Oliver Rui Don’t bet more than you can afford. Don’t borrow to play. Don’t chase your losses. Quit while you’re ahead. If only Chinese stock market investors had followed these basic gambling rules. Seduced by dreams of getting rich quick, millions of inexperienced Chinese investors have lately been treating China’s stock market like a casino. … Continue reading
Chinese authorities are ramping up their efforts to stabilize its markets as initial public offerings (IPOs) will be suspended until further notice following nearly a 30 percent crash in stocks over the past three weeks that has wiped out $3.2 trillion of value, which is more than Brazil’s gross domestic product (GDP) and over 10 times the size of … Continue reading
As the bear market in China deepens, falling nearly 30 percent, after reaching a 52-week high on June 12, which has wiped out nearly $3 trillion dollars, which is more than Brazil’s gross domestic product (GDP), China’s top 21 securities brokerages say that they will be setting up a market-stabilization fund that will invest at least 120 billion yuan … Continue reading
As most investors are on edge with the situation in Greece, as a referendum vote which determines the fate of the nation’s future in the Eurozone looms this Sunday, on the other side of the world a market crash is deepening beyond a bear market, but it is hardly causing any impact to global markets. In China, stocks were surging over the past … Continue reading
By Michael Snyder As we enter the second half of 2015, financial panic has gripped most of the globe. Stock prices are crashing in China, in Europe and in the United States. Greece is on the verge of a historic default, and now Puerto Rico and Ukraine are both threatening to default on their debts … Continue reading
China’s Central Bank has cut interest rates to a record low and has lowered the reserve-requirement ratios (RRR) for some lenders as Beijing seeks to revive the country’s sluggish economy which is poised for the slowest economic growth in twenty-five years. The interest rate cut by China’s Central Bank, the People’s Bank of China (PBOC), is the fourth cut … Continue reading
By Peter Koenig What the troika is doing to Greece these days is the pinnacle of financial terrorism. It is economic waterboarding. It is blackmailing of the first degree. These people are neoliberal fascists, putting the Greek government before a dilemma – ‘either you present us with an acceptable list of austerities, or we will … Continue reading
By Daniel Wagner, CEO of Country Risk Solutions Responsibility for Greece’s and the EU’s current dilemma rests with all parties – Greece, the ECB, and the banks. But each party is so busy pointing fingers at everyone else they appear to have lost any sense of introspection (if they ever had it to begin with). It … Continue reading