China markets, WTF!?

[Zorrocoin]

if you consider 7.4% growth slowing down (compared to the US' 2.4%) then yes  

For the past 10 years, China's highest growth is 13% and dropping each year to 7% this year. I would say they are slowing down.

Yes, but the news is truly sad. While some analysts believe that the stock market is undergoing a much needed "correction," China's government has pulled out all the stops to support share prices.

The People's Bank of China has cut interest rates to a record low, brokerages have committed to buy billions worth of stocks, and regulators have announced a suspension of new share listings.

[RodeoX]

Chinese government now closing trades on almost half of the stocks as prices continue to slide. I think China is about to learn about the folly of trying to control the market. Trillions have now been lost and no bottom is in sight.

[greBit]

Chinese government now closing trades on almost half of the stocks as prices continue to slide. I think China is about to learn about the folly of trying to control the market. Trillions have now been lost and no bottom is in sight.

As they say what goes up, must come down. I know we are watching economies collapse, markets slashed into half losing trillions... Its so hard being positive about the future lately, y'know Yeah yeah, the economy will soon be up and be up and running and yeah the stocks will rise again, the good days will come, but isn't it funny how everything is somehow connected to each other, slowly tumbling like domino effect all over these markets :/

[jbreher]

Do you think that BTC could save the Greece?

Too late for that. What it could have saved is the capital of any Greek who moved their money from bank account to Bitcoin before the hilariously* misnamed 'banking holiday'.

* funny as in 'sick', not funny as in 'ha ha'

What is the next of the PIIGS to fall? Their citizens might be advised to start thinking about whether or not they'll be the next domino.

[jbreher]

For the past 10 years, China's highest growth is 13% and dropping each year to 7% this year. I would say they are slowing down.

Does not that official figure include ridiculous economically nonviable expenditures such as building ghost cities?

Are their legalized and widespread unbacked HYIPs included in the economic activity figures?

[jbreher]

I think China is about to learn about the folly of trying to control the market.

If only the USA would learn that same lesson. Aren't we credited with tutoring the USSR (CCCP) on the topic?

[Possum577]

Everyone is seeing this as an "end of the world" scenario - doesn't anyone see this as a buying opportunity? The China consumers aren't going to disappear...they're going to need to buy stuff tomorrow, most (if not all) Chinese companies will be there tomorrow to seel that stuff to them.

[iCEBREAKER]

Chinese government now closing trades on almost half of the stocks as prices continue to slide. I think China is about to learn about the folly of trying to control the market. Trillions have now been lost and no bottom is in sight.

If anyone can control their market, it is the Confusion Chinese.  Their authoritarian culture accepts, expects, and somewhat demands it (unlike ours, which still prides itself on rugged individualism as we nevertheless obliviously sink into the morass of crony capitalism and soft fascism).

They realized their economy was overheating and put the brakes on over a year ago.

This correction is 100% intentional and being centrally managed by the government.

Of course a black swan could come along in this period of transition and weakness...but don't count on it.

[newIndia]

"China has lost 15 Greeces"

http://www.vox.com/2015/7/8/8916593/vox-sentences-china-nyse

[Kapz786]

I remembered last year, I knew people who invested in Chinese stocks around starting from August, they were making so much money, I think it doubled, so 30% drop is a lot but it's going to be better. Bitcoin can still get big there.

[Genesys]

Chinese government now closing trades on almost half of the stocks as prices continue to slide. I think China is about to learn about the folly of trying to control the market. Trillions have now been lost and no bottom is in sight.

Control the market? More like greed to the Nth degree.
"Evil does upon itself whether it be by lust, gluttony, greed, sloth, wrath, envy, an or pride."

[spacegoat]

Hey.  Never published anything before.  But i just somehow published 2 articles.  All speculation but i bring up original thought or at least valid points on the matter, i think


http://altcoinpress.com/2015/06/bitcoins-recent-morph-into-an-entirely-new-animal-in-embryo/
http://altcoinpress.com/2015/07/tin-foil-hats-duck-duck-goose-and-what-it-means-for-bitcoin/

[HarHarHar9965]

Hey.  Never published anything before.  But i just somehow published 2 articles.  All speculation but i bring up original thought or at least valid points on the matter, i think


http://altcoinpress.com/2015/06/bitcoins-recent-morph-into-an-entirely-new-animal-in-embryo/
http://altcoinpress.com/2015/07/tin-foil-hats-duck-duck-goose-and-what-it-means-for-bitcoin/

Would have definitely given a fuck to read about your articles if they were relevant to the topic, stop promoting your content here and promote it at places where people want to read about that stuff. You started a thread and now you are posting these links wherever you can, I see your activity post. It is not right thing to do, moderator will ban you if you are reported

[Coinbanker]

it was FONTAS's job. he did pump and dump on Shanghai Stock exchange.

[Coinbanker]

Hey.  Never published anything before.  But i just somehow published 2 articles.  All speculation but i bring up original thought or at least valid points on the matter, i think


http://altcoinpress.com/2015/06/bitcoins-recent-morph-into-an-entirely-new-animal-in-embryo/
http://altcoinpress.com/2015/07/tin-foil-hats-duck-duck-goose-and-what-it-means-for-bitcoin/

Would have definitely given a fuck to read about your articles if they were relevant to the topic, stop promoting your content here and promote it at places where people want to read about that stuff. You started a thread and now you are posting these links wherever you can, I see your activity post. It is not right thing to do, moderator will ban you if you are reported

funny articles...

[Miracal]

Hey.  Never published anything before.  But i just somehow published 2 articles.  All speculation but i bring up original thought or at least valid points on the matter, i think


http://altcoinpress.com/2015/06/bitcoins-recent-morph-into-an-entirely-new-animal-in-embryo/
http://altcoinpress.com/2015/07/tin-foil-hats-duck-duck-goose-and-what-it-means-for-bitcoin/

Would have definitely given a fuck to read about your articles if they were relevant to the topic, stop promoting your content here and promote it at places where people want to read about that stuff. You started a thread and now you are posting these links wherever you can, I see your activity post. It is not right thing to do, moderator will ban you if you are reported

Dude I read the articles you wrote and they are alright, I would give you that but please don't market them at the wrong places at the wrong time like this. Nobody would care to read about your shit that way. Try posting it somewhere people give a fuck about. Harharhar9965 is right. Nobody really gives a fuck