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Fallexe · 3431 days ago · link · · parent · post: Greece ‘A Sideshow To China Meltdown,' Ex-BMO Chief Economist Says
I seriously don't understand what the thought process the Chinese government has to prop up this stock bubble. Perhaps the hope is utilizing government control of media outlets to reduce the fear of the Chinese public will prevent a mass sell off. Its hard to maintain stock market highs that aren't justified by the fundamentals imo.
I think it just speaks to the mindset of the Chinese government in general. The whole thing is built on centralized control, and they seem to hold the belief that they can "control" markets in the same way they control politics etc. I agree that it's odd and frankly stupid, but I don't consider it surprising.