Thursday, Jun 07, 2007
Gonna be interesting in the Asian trading session
FT.com: As stocks falter, Beijing mulls the chances of an investor backlash
As stocks falter, Beijing mulls the chances of an investor backlash
By Geoff Dyer
The remarkable rise of China’s stock market in recent months has left the government mulling two bad alternatives: let the market surge too high and the subsequent crash would be ferocious; but act too aggressively to cool it down and the authorities would be blamed for the losses.With the Shanghai exchange again showing signs of fragility since the government increased the tax on share trading last week, there are many reminders that if the market turns sour, investors will consider it the government’s fault.
Posted by crafty @ 10:30 PM (117 views) Add Comment
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