Yeah reality is a sumbeach that eventually comes to collect on any debt.
Smart_Investment_326 on
That’s to bad.
Kannigget on
It’s good to know the boycotts are working. I want to remind people that not everything is made in China. Boycotting China is possible and easy. Just read the label. China only makes about 30% of the world’s stuff. It should be pretty easy to find non-Chinese stuff since it’s 70% of all the stuff.
> Richard Hunter, the head of markets for the trading platform Interactive Investor, described Wednesday's stock market falls as a reflection of "Investor disappointment".
> According to official statistics, the urban youth unemployment rate reached 18.8% in August, while the urban unemployment rate across all age groups was 5.3%. There are growing concerns that China will miss its own 5% annual growth target, a relatively modest goal by the country's historical standards.
Personally I would avoid all Asian equities for the next couple years – not worth the risk when you can buy boring stable North American and European equities and still have decent returns. When Berkshire was asked why they were offloading Asian positions they answered “location”. People thought it was the threat of China invading Taiwan I guess they just meant the region in general will do shit and was not worth the risk.
ImaginaryLog9849 on
Considering the amount of wealthy Chinese that try to get their money out of the country I don’t now why anyone would invest there.
brus_wein on
Pretty funny that a supposedly communist country has publicly traded companies
danepolicies on
If people aren’t convinced by this article on how disingenuous western media’s coverage of China is then i don’t know what will
Not only did this dip happen after a massive pump which is a fraction of the increase. Chinese stocks are literally pumping right now again as I type this
They technically have the defense that they aren’t “lying” and therefore not a propaganda but every China doomsday article is like this. They frame things in a very specific way to make you come to a completely different conclusion than reality. This is why we get china is collapsing articles every 2 weeks for the past 10 years
kw2006 on
More likely investors taking their profits from recent spike.
HeloGurlFvckPutin on
We must celebrate this! Every economic advantage has to be exploited to keep China down & from building up resources to challenge the FREE WORLD IN TAIWAN! Taiwan is not going Chinese! I studied with a military officer (LTC) and was the sponsor for he & his wife while at school here in the States- they were adamant they would fight to the last person standing
xxhamzxx on
Obviously the guardian knows nothing about investing if this article exists lol
15 Comments
[removed]
Yeah reality is a sumbeach that eventually comes to collect on any debt.
That’s to bad.
It’s good to know the boycotts are working. I want to remind people that not everything is made in China. Boycotting China is possible and easy. Just read the label. China only makes about 30% of the world’s stuff. It should be pretty easy to find non-Chinese stuff since it’s 70% of all the stuff.
[Top 10 manufacturing countries in the world in 2024](https://www.safeguardglobal.com/resources/top-10-manufacturing-countries-in-the-world/)
biggest F goes to Goldman Sachs who changed the rating to ‘overweight’ AFTER the stocks rallied up 30%, just to get wrecked the next day.
Special shout- out also to Jim Cramer who- of course- also recommed to buy into Chinese stock before they crashed.
What a joke of an headline.
There’s a -8% after a spike of **39%** in 4 days. The total over the last 5 days remains a **+24%.**
Stocks will always “fall” after massive growth
This is the best tl;dr I could make, [original](https://www.theguardian.com/world/2024/oct/09/chinese-stocks-suffer-worst-fall-in-27-years-over-growth-concerns) reduced by 83%. (I’m a bot)
*****
> Stock markets in Asia fell sharply after China's top economic planning authority failed to announce further measures to improve flagging growth.
> Richard Hunter, the head of markets for the trading platform Interactive Investor, described Wednesday's stock market falls as a reflection of "Investor disappointment".
> According to official statistics, the urban youth unemployment rate reached 18.8% in August, while the urban unemployment rate across all age groups was 5.3%. There are growing concerns that China will miss its own 5% annual growth target, a relatively modest goal by the country's historical standards.
*****
[**Extended Summary**](http://np.reddit.com/r/autotldr/comments/1fzu0yn/chinese_stocks_suffer_worst_fall_in_27_years_over/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~694816 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **market**^#1 **China**^#2 **measures**^#3 **Stock**^#4 **Investor**^#5
Personally I would avoid all Asian equities for the next couple years – not worth the risk when you can buy boring stable North American and European equities and still have decent returns. When Berkshire was asked why they were offloading Asian positions they answered “location”. People thought it was the threat of China invading Taiwan I guess they just meant the region in general will do shit and was not worth the risk.
Considering the amount of wealthy Chinese that try to get their money out of the country I don’t now why anyone would invest there.
Pretty funny that a supposedly communist country has publicly traded companies
If people aren’t convinced by this article on how disingenuous western media’s coverage of China is then i don’t know what will
Not only did this dip happen after a massive pump which is a fraction of the increase. Chinese stocks are literally pumping right now again as I type this
They technically have the defense that they aren’t “lying” and therefore not a propaganda but every China doomsday article is like this. They frame things in a very specific way to make you come to a completely different conclusion than reality. This is why we get china is collapsing articles every 2 weeks for the past 10 years
More likely investors taking their profits from recent spike.
We must celebrate this! Every economic advantage has to be exploited to keep China down & from building up resources to challenge the FREE WORLD IN TAIWAN! Taiwan is not going Chinese! I studied with a military officer (LTC) and was the sponsor for he & his wife while at school here in the States- they were adamant they would fight to the last person standing
Obviously the guardian knows nothing about investing if this article exists lol