Posted on 01/23/2024 1:36:03 PM PST by davikkm
Stock markets in China and Hong Kong are witnessing a severe downturn, reaching multi-year lows, as confidence in the world’s second-largest economy dissipates. The alarming situation has prompted Beijing to consider an ambitious multi-trillion market rescue package. This unprecedented decline in Chinese markets has captured global attention, raising questions about the effectiveness of intervention measures.
The recent plunge in Chinese stocks has been described as a multi-year low, with foreign investors withdrawing their money amid growing concerns about sputtering economic growth and a deepening real estate crisis. Despite various attempts, including short selling bans and interventions by China’s Plunge Protection Team, the market’s downward spiral has shown no signs of abating.
(Excerpt) Read more at citizenwatchreport.com ...
Rescue package = release Fauci’s virus 2.0
This is the problem with communism: There’s no money in it!
When Xinnie the Pooh started dialing up Communist Party power and influence it was inevitable that wealthy Chinese would flee the country and that ruinous government policies and corruption would ruin the market economy.
Xinnie the Pooh wants to rule over poor people because it’s easier to control poor people. He is undoing thirty years of progress for the Chinese people because power is more important to the bandits who run China than is the health and prosperity of the Chinese people.
Oh, and FREE TIBET FROM COMMUNIST CHINA!
DECLARE THE FREEDOM OF THE REPUBLIC OF TAIWAN!
And while we’re at it, check out Shen Yun because the commie bastards in Beijing don’t want you to!
Everything is fine…
They see the return of the Orange Scorpion.
This is no laughing matter that it is happening to our greatest geopolitical foe. The risk of contagion for US and the rest of the West is real and severe.
“rule over poor people” “power more important?
Beginning to sound a lot like the democratic party here.
The recent plunge in Chinese stocks has been described as a multi-year low, with foreign investors withdrawing their money amid growing concerns about sputtering economic growth and a deepening real estate crisis.
The situation has reached a point where Beijing is contemplating a multi-trillion market rescue package to stem the crisis.
Make it exciting!
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Chinese stocks rise as officials consider $278B rescue plan
Bloomberg is reporting the same numbers.
Not many places in the world where it isn’t in a alarming situation collusion run a muck.
2 Trillion Chicom.
They have $30 Trillion of Debt domestically, bad Real Estate loans and etc.
Is it wrong for me to hope they take it out on Russia?
We’ve been expecting their real estate bubble to pop for several years now. I have to admit, I’ve been surprised at the ability of the CCP to suppress it. Though it has popped up in various areas (Evergrande anyone?).
You can’t hide that much in toxic loans forever though. Their real estate bubble is several times the size of ours which caused the Great Recession. I don’t care what the Obama administration or their lickspittles in the corporate media claim. The job market did not recover until about 2015. Yes, it lasted for NINE YEARS.
Schumer and McConnell will be drafting legislation tomorrow to bail them out. 14 House Rino’s will join their democrat colleagues and Biden will sign it by the end of the week.
Multi-trillion what? A multi-trillion yuan? that’s currently 1 yuan = $0.14
Jiang Zemin and Hu Jintao found a way - vast corruption at the top fueled by a wildly open and mostly unregulated free-market at the bottom.
Xi Jinping - The Great Moralist - decided to crack down on corruption by regulating that free market. Now he has screwed everybody in China.
It’s because of the Mao wanna-be Xi.
Yea.
Heard this 4 years ago.
Can ya tell me when the the Stock Market collapses.😂🤡
Maybe just just for sh*ts and giggles when the “Rapture “ happens.
Put. The.Pipe. Down.🤡
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