9 years ago
5
China share freefall continues despite more intervention
China's key mainland share market plunges for the seventh day in the past nine, despite further moves to try and stabilise the market.
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http://www.abc.net.au
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Is this a large artificial bubble...meaning that the value of the market is incorrect and it's starting to correct itself, but Chinese authorities are attempting to stop it and maintain the inflated value?
It really looks that way. Yesterday the Chinese market was the only one to not lose value amid the economic turmoil yesterday, and that was only because of the propping up the Chinese government did. It seems that the efforts to prop up the Chinese market are not working as well as hoped now...
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