China's stockmarket went up doubling and the Chinese world and his wife over there thought 'this is a very good thing that ever goes up look how easy it is to make money'. So they got all their money, and some borrowed some and they all bought shares, the stockmarket doubled quickly and they bought more at the top. Then came some scares and the panic starts in trying to cover losses on all sorts. It's a big bubble, it happens, after its over, the shrewd ones in the wings buy in cheap. Very similar to fish stocks really, with lots to be made on recovery. Then after the commodoties have been sold off, they start being seen as good value and that gets going on a ride. Its about holding through storms in harbour in yer boat and getting out to sea once its blown over.
These are the people who should be rewarded first before we start talking about SID offers., etc ie the ones that were holders before the HBOS debacle and stayed with it through thick and thin .A lot of people who go for the SID type offers just go in for the quick ,relatively small profit ,and then boast how clever they have been down at their local pub
not the faintest idea m8. I know theyre not perfect,but they are still "communists in name" and they have only just become an emerged market,so you cant expect them to get everything right,all the time. lets look at their good points,fast growing(but slowing),vast currency reserves,bought on the cheap after the crash,huge middle class and growing,hot women.lol.importer of luxury goods,cars,planes,techno stuff,2nd biggest economy. what cud go wrong.lol.
Then feel free to enlighten us on their savviness which has lead to the present situation of severe market controls, threat of jail and even death. This can never happen here because this is China (famous words to the western governments after 2008 crash). Greed has no borders. Not a good idea to think of China as communists in name only, after all freedom of speak is banned and selling your shares too. Buying is encouraged, but why buy if you can't sell. Savvy
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