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Thread: Who can save Chinese stock market?
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[quote=DREAMLIFE,268635]Just as the extream weather, Chinese stock market was hit by a serious disaster too. The total market value of Shanghai and Shenzhen Stock Exchange has been reduced 6 trillion yuan since January 15. Some analysts say that the drastic plunge in Chinese stock market was caused by US subprime credit crisis. Is this true? After US Fed cut the interest rates by 125 points, US share market rose quickly. To stimulate stock market, Hong Kong authorities also declared to cut the interest rates by 50 points and the shares was also increasing. Let's see how Chinese A share market reacted. No matter US stock market rises or goes down, Chinese A shares is just keeping plunging. Therefore, an economist suggests that the government should stop its tightening policies, decrease stamp tax and issue new funds to stimulate the market. Otherwise, a greater disaster will land on Chinese stock market. Will the government change its tightening policies? Will the stock market regain confidence? What do you think? "Who can save Chinese stock market?" The Chinese stock market was also freezed by the snow storms. [/quote]
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