China's Stock Market just Crashed Really Bad This Week

[bleedingboi]

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China stock market turmoil explained - CNN.com

Hong Kong (CNN)China's stock market crash is now stretching into its third week, and share prices in Shanghai have lost a third of their value since mid-June.


The country's market watchdog has warned of a "mood of panic." And some say the crash might have graver implications for the world economy than the crisis in Greece. So why are stocks falling?
Earlier this year, China's stock market was displaying many of the classic warning signs of a bubble. Grandmas, cab drivers and college kids were all making small fortunes in a frenzy of "chao gu" or stir-frying stocks -- Chinese slang for trading.


And the stock rally came at a time when the wider economy was slowing, puzzling many financial analysts. But now they say gravity is taking effect.


"China's stock market had become detached from the reality of China's own economy, and appallingly overvalued," Patrick Chovanec, managing director at Silvercrest Asset Management, posted on Twitter.


China's stock market had become detached from reality of China's own economy, and appallingly overvalued. This is gravity taking effect. Continue to article... China stock market turmoil explained - CNN.com

Why Beijing
Are Greece and China repeating history?-

[bleedingboi]

China has spent nearly $6 trillion on infrastructure in the last six years.

And nobody is buying, renting or even living on these infrastructures. Too many houses, condos, apartments, hotel built but no-one's buying them. This country will surely crash.

[digitalsuperman]

China has spent nearly $6 trillion on infrastructure in the last six years.

And nobody is buying, renting or even living on these infrastructures. Too many houses, condos, apartments, hotel built but no-one's buying them. This country will surely crash.

this is true. in one of our warehouses in shanghai, daghan au empty houses ug buildings. pero ghost town. dako au. tungod ni sa ilang stimulation sa economy using public infra.

[bleedingboi]

this is true. in one of our warehouses in shanghai, daghan au empty houses ug buildings. pero ghost town. dako au. tungod ni sa ilang stimulation sa economy using public infra.

Mao gyud. Their government still believe their stocks are overvalued and is on the same level with the Japanese Nikkei. The Nikkei is way too stable.

[makal34]

samot ug kabarato ang mga export gkan sa china ani??

[Kristiano]

hmmm.. hope for a crash so that wa na silay ipa.gasolina sa ilang warships... lol

[bleedingboi]

samot ug kabarato ang mga export gkan sa china ani??

Mas sobra pa bro. Most likely commodity prices will increase due to inflation. Kung dili mu-mahal ang mga exports, way export mahitabo. Small Retailers will be forced to close down, people will be forced to sell their properties, and close offshore warehouses.

This is what happened in the 1929 US stock market crash.

[makal34]

Mas sobra pa bro. Most likely commodity prices will increase due to inflation. Kung dili mu-mahal ang mga exports, way export mahitabo. Small Retailers will be forced to close down, people will be forced to sell their properties, and close offshore warehouses.

This is what happened in the 1929 US stock market crash.

salamat sa info boss..

[bleedingboi]

Kung kuyaw ang nahitabo sa Greece, mas kuyaw ang mahitabo karon sa China.


The really worrying financial crisis is happening in China, not Greece - Telegraph

[digitalsuperman]

Mao gyud. Their government still believe their stocks are overvalued and is on the same level with the Japanese Nikkei. The Nikkei is way too stable.

their public spending to stimulate their economy bisan walay true demand will eventually catch up to them. and now here it comes. dako effect ni sa world economy. this economic bubble is about to burst. hope we can withstand this.