Originally posted on Financial Post:
It is hard to imagine anything could overshadow a looming Greek exit from the eurozone, but leave it to China to do it. Analysts and economists everywhere Wednesday morning are now pointing to the ongoing crash of Chinese stocks as a huge new threat to global stock markets. “The growing…
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
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