Tag Archives: china’s economy

So China is Doomed Because of a 30% market crash … ?

gay men in paradeThe 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 fighting in vain against market forces, then accusing China of not being able to do enough.

Then there are outlets like Wall Street Journal pronouncing China is doomed to fail, and then a few days later pronouncing everything is fine. There are of course also those who swear that they had foreseen the crash all along, for umpteenth obvious reasons.

Here is my take. Continue reading So China is Doomed Because of a 30% market crash … ?