Forget Greece, what happening in China

[OJsDad]

The Chinese central bank is getting ready to inject large sums of money into their markets due the big selloffs and volatility that they  have been seeing the last month.  Is it possible that their economy isn't as strong as they have been claiming.

[Silent Disapproval Robot]

All the crooks from China are laundering their money here in Vancouver and driving the housing market through the roof by snapping up every single piece of property, sight unseen.

They see it as a safe haven as the PRC can't get seize the property like they can in China. 

[OJsDad]

They're doing the same thing in the US.  Kind of reminds me of the late 80's/early 90's when Japanese companies could do no wrong and they were making lots of land purchases.  They're still trying to recover.

[airboy]

China does not have clear rule of law or transparent accounting.  That makes for big risks.

[Steelgrave]

They're doing the same thing in the US.  Kind of reminds me of the late 80's/early 90's when Japanese companies could do no wrong and they were making lots of land purchases.  They're still trying to recover.

Let's hope it works out as well for the Chinese then   8)

[mirth]

Let's welcome China to the modern free-market. Suck-it.

http://www.nytimes.com/2015/07/07/business/dealbook/chinese-mom-and-pop-investors-who-borrowed-are-hit-hard.html?hp&action=click&pgtype=Homepage&module=first-column-region&region=top-news&WT.nav=top-news

Anyone who borrows money to invest in stocks is a sucker.  Might as well take it to Vegas.

[jomni]

Let's welcome China to the modern free-market. Suck-it.

http://www.nytimes.com/2015/07/07/business/dealbook/chinese-mom-and-pop-investors-who-borrowed-are-hit-hard.html?hp&action=click&pgtype=Homepage&module=first-column-region&region=top-news&WT.nav=top-news

Anyone who borrows money to invest in stocks is a sucker.  Might as well take it to Vegas.

Yes. The current crash is due to (Made worse by) leverage.

[Mr. Bigglesworth]

3 Trillion in paper losses.

http://www.bbc.com/news/business-33440565

[mirth]

Ugly, very ugly.

[LongBlade]

And they're doing *everything* wrong. Halting trading, protecting companies' stock prices, pouring tons of money into the market trying to hold it up.

Not only is this bad in the short term, but the long term damage to the market's integrity will keep international capital out for a long time.

The reason China is trying to hold back the collapse is because they've got some 90 million locals who are invested in the market and they're afraid of domestic unrest "if" the market collapses.

[Mr. Bigglesworth]

Chinese love to gamble. If they had put in any rules , it should have been a max % of their wealth they could hang out in the wind.

[jomni]

3 Trillion in paper losses.

http://www.bbc.com/news/business-33440565

It's paper anyway. :P

[Mr. Bigglesworth]

3 Trillion in paper losses.

http://www.bbc.com/news/business-33440565

It's paper anyway. :P

They invented it, they can deal with it.

[mirth]

I thought it was a Russian inwention.

[JasonPratt]

I thought it was a Russian inwention.

I was about to joke about the huge border shared between Russia and China; but then I saw what you did there.  ^-^