“After China’s stocks crashed in June, the government put more than $400 billion at the disposal of a little-known state agency, the China Securities Finance Corp., headed by an academic and bureaucrat named Nie Qingping. Four weeks into the new role, the picture emerging from Nie’s published books and commentaries, as well as interviews with fellow academics, is of a professor with 25 years of experience watching stock manias — who still got blindsided by China’s latest crisis. Since China Securities Finance started buying on July 6, a measure of volatility in stocks has surged to nearly a 20-year high. On July 27, the Shanghai Composite Index plunged 8.5 percent, the most since February 2007.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Swiss Offshore-Adviser's Guilty Plea Marks a Shift in Tax Crackdown
Bitcoin Scandal Reflects Popularity of Virtual Currency in China
Japan's poverty gap has politicians calling for rise in minimum wage
Visitors flock to Pakistani-controlled Kashmir valley in rare tourist boom
EPA’s illegal human experiments could break Nuremberg Code
Arrests Near Stock Exchange Top 150 on Occupy Wall St. Anniversary
Supreme Court says public-sector unions can't force dissenters to pay them
More Taxpayers Are Abandoning the U.S.
U.S. to provide ‘direct military support’ to Syrian rebels
Mandela 'received weapons training from Mossad agents in 1962'
Paris tax hunt sends French to Switzerland
Ron Paul: I Think It's A False Flag, Al-Qaeda Benefits Most From Chem Weapons
Border Patrol agent who shot Mexican teenager dead will not be charged
Yemeni-Americans Say U.S. Embassy Unfairly Revoked Passports
Taiwan central bank 'keeping close tabs' on Bitcoin