China in trouble: Stock market plunges despite massive government intervention

[ScienceRocks]

China in trouble: Stock market plunges despite massive government intervention
Despite the mainstream media BS the global economy is on a precipice

China stocks hammered as market crash continues - Jul. 7, 2015

China stocks plunged again on Wednesday, even as regulators worked to contain a crisis that has wiped trillions of dollars off the country's stock markets.

"At the moment there is a mood of panic in the market and a large increase in irrational dumping of shares, causing a strain of liquidity in the stock market," China Securities Regulatory Commission said in statement.

The government is now doing everything it can to rescue the markets. The People's Bank of China has cut interest rates to a record low, brokerages have committed to buy billions worth of stocks, and regulators have announced a de-facto suspension of new IPOs.

 

[Rexx Taylor]

does this mean Oil will go back to 39.99 a barrell?

 

[pwjohn]

I don't think demand for oil justifies whatever they're getting for it right now

 

[Flopper]

The SSE Composite Index increased 145% in one year. The growth in the Chinese economy was about 7%. Whenever there is this kind of disconnect between real economic growth and the market, a crash is inevitable. This market crash is not about oil or economic fundamentals.