[MadIvan]

Yes, the leadership should have realised that spouting off like this was not going to enhance confidence in the stock market. It doesn't really matter whether they meant it or not - psychology is a key component of market sentiment.

Regards, Ivan

[Rummenigge]

" With a growing capitalist-style class system, there is also little evidence of socialism in current economic realities. "

That's from the article and that's what I think.

And the correction in the stock market: The Hang Seng is at 19600 it was at 15000 last summer

This was a correction. Nothing surprising - nothing catastrophic and of course nothing that would indicate the failure of the chineese economy.

It's quite daring to stick that to a speak that contained no surprises, nothing new and was good only for inducing sleepyness.

China has many probs:

They have a human rights problem, they have an economic problem and they have a demoscopic problem, they may have a problem with dollar bonds in future times...

But up to now they are doing way better then India (wich failed expectations in BIP rise )

[100-Fold_Return]

Simply, what caused the slide yesterday was announcing a 20% capital gains tax.

Nothing more and nothing less.

The Red Commies backed off, so guess the market will go up...