The news is abuzz with China's recent stock market crash. The naysayers are all coming out. Not that they were ever hiding, but now it's a parade - with horns and drums to toot! Some reports are however darn right silly. For example in this CNBS report titled How China might have given itself a black eye, a reporter would first accuse China of committing the sin of … [Read more...] about So China is Doomed Because of a 30% market crash … ?
China stock market
With Iceland close to bankruptcy and the world's financial system going to hell, China stands somewhat apart in its relative isolation. Asia Times has an intriguing article on this: "In the past, China has been blamed for the low-degree of internationalization of its financial industries. Now it seems we are profiting from this 'fault'," the commentary said. Many Chinese … [Read more...] about Lessons for China from the world financial crisis