End of world.? China closes stock market second time this week!!!

[ShootSpeeders]

OMG - Market open 30 minutes (!!) and they had to shut it down for the day due to so much selling.

China Stocks: Trading Called Off for Second Time This Week

jan 6 2016 SHANGHAI—China’s stock market tumbled and scored its shortest trading day in its 25-year history on Thursday, as Beijing’s growing tolerance of a weaker currency intensified concerns about capital flight and the health of the world’s No. 2 economy.

The stock market stopped trading about 30 minutes after opening, as a newly-installed mechanism to limit volatility kicked in for the second time this week.

The benchmark Shanghai Composite Index ended the dramatically brief trading day down more than 7% at 3115.89.

“I am speechless. I was about to clear my position but I couldn’t since the stock already fell by its 10% daily trading limit,” said Gu Yuan, a Shanghai-based retail investor.

 

[Moonglow]

China is 28 trillion in debt...

 

[JakeStarkey]

This hurts emerging markets as well as impacts, to an extent, our own market. However, we can ride it out if we have planned well.

 

[Freewill]

Better beat it down to Harbor Freight to buy some tools before it is too late.

 

[Moonglow]

Better beat it down to Harbor Freight to buy some tools before it is too late.

Yeah, you'll need the cash when you recycle that worthless crap...

 

[Moonglow]

This hurts emerging markets as well as impacts, to an extent, our own market. However, we can ride it out if we have planned well.

The thing it will hurt is foreign manufacturers, they will lose out on market sales..

 

[Freewill]

China is 28 trillion in debt...

People's Republic of China: AVERAGE OF CIA AND IMF DATA: 26.5005
PUBLIC DEBT AS % GDP (CIA) 31.7  
Government Debt as % of GDP (IMF) 41.061

United States AVERAGE OF CIA AND IMF DATA: 80.18
PUBLIC DEBT AS % GDP (CIA): 72.50
Government Debt as % of GDP (IMF) 106.525

List of countries by public debt - Wikipedia, the free encyclopedia

 

[william the wie]

China going into recession is not the end of the world. The attempt to arbitrage the difference between the internal and international Yuan pricing of the same Chinese companies will be heard from again and again. China has blown through the largest foreign currency reserves in world history in five months trying to defend the internal Yuan and it ain't going to work out as expected.

 

[pismoe]

good , to heck with China . Lets see their market and society crash , ok with me !!

 

[Moonglow]

China is 28 trillion in debt...

People's Republic of China: AVERAGE OF CIA AND IMF DATA: 26.5005
PUBLIC DEBT AS % GDP (CIA) 31.7  
Government Debt as % of GDP (IMF) 41.061

United States AVERAGE OF CIA AND IMF DATA: 80.18
PUBLIC DEBT AS % GDP (CIA): 72.50
Government Debt as % of GDP (IMF) 106.525

List of countries by public debt - Wikipedia, the free encyclopedia

In 2005, China's debt was 164% of GDP. Now it's 236% of GDP. It's not the scale that's worrying. Many countries have debt that is twice GDP. It's the speed at which it is changing, compared to the slower pace of economic growth.
How China accumulated $28 trillion in debt in such a short time

 

[JakeStarkey]

Go check Freewill's assertions, sources, and findings.

 

[Moonglow]

China going into recession is not the end of the world. The attempt to arbitrage the difference between the internal and international Yuan pricing of the same Chinese companies will be heard from again and again. China has blown through the largest foreign currency reserves in world history in five months trying to defend the internal Yuan and it ain't going to work out as expected.

They will be giving away Chinese goods...

 

[Moonglow]

Go check Freewill's assertions, sources, and findings.

He wrote that himself when he gave Wiki 20 bucks during their begathon...

 

[william the wie]

China is 28 trillion in debt...

People's Republic of China: AVERAGE OF CIA AND IMF DATA: 26.5005
PUBLIC DEBT AS % GDP (CIA) 31.7  
Government Debt as % of GDP (IMF) 41.061

United States AVERAGE OF CIA AND IMF DATA: 80.18
PUBLIC DEBT AS % GDP (CIA): 72.50
Government Debt as % of GDP (IMF) 106.525

List of countries by public debt - Wikipedia, the free encyclopedia

China is 28 trillion in debt...

That figure does not include the debts of State Owned Enterprises and Banks, much less private debts. I would be surprised if total writeoffs do not equal at least 4X US GDP.

 

[Freewill]

Go check Freewill's assertions, sources, and findings.

He wrote that himself when he gave Wiki 20 bucks during their begathon...

And you, as usual, just post whatever shit comes to mind. It isn't that you are stupid, it is just that you know so much that isn't so.

 

[william the wie]

Go check Freewill's assertions, sources, and findings.

That won't help, too many sets of books. Enron would be considered a highly ethical company in China.

 

[william the wie]

Go check Freewill's assertions, sources, and findings.

He wrote that himself when he gave Wiki 20 bucks during their begathon...

And you, as usual, just post whatever shit comes to mind. It isn't that you are stupid, it is just that you know so much that isn't so.

Sorry, given Chinese accounting standards estimates of nearly any number on total debt can very by as much as 10 times.

 

[Freewill]

Go check Freewill's assertions, sources, and findings.

He wrote that himself when he gave Wiki 20 bucks during their begathon...

And you, as usual, just post whatever shit comes to mind. It isn't that you are stupid, it is just that you know so much that isn't so.

Sorry, given Chinese accounting standards estimates of nearly any number on total debt can very by as much as 10 times.

Well in that case it can be anything so NO one can speak with certainty as did moonglow.

 

[Moonglow]

Go check Freewill's assertions, sources, and findings.

He wrote that himself when he gave Wiki 20 bucks during their begathon...

And you, as usual, just post whatever shit comes to mind. It isn't that you are stupid, it is just that you know so much that isn't so.

Sorry, given Chinese accounting standards estimates of nearly any number on total debt can very by as much as 10 times.

Well in that case it can be anything so NO one can speak with certainty as did moonglow.

Yeah, you don't want to exclude Uncle Toa's tripe street restaurant...

 

[Zander]

Rigged markets always fail. China will be no different.