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Chinese shares soar, then fade as Beijing stimulus plans fall short

7 Comments
By ELAINE KURTENBACH

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The Shanghai Composite index increased 27% in a month. Don't take my word, google it.

Yep, and now it is declining just as sharply this month.

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The five year trend for both the Hang Seng and Shanghai Composite Indexes has been decline until last month. There is a sharp increase in both indices for September 2024 but in the past week both indices have shown an equally sharp decline.

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Shanghai Composite index is nowhere near the highs from 2007 or even 2015. Xi just isn't cutting it.

Whereas the SP500 is near all-time highs. The last major dip was in early 2020 - when COVID started spreading worldwide from China.

If you care about the last month, you are a trader and will lose money over the long term. Investors look at 1-5+ yrs of data, not 1 month.

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Real data, not wishful the wishful thinking of the communist true believers.

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The government and economy of Taiwan will very likely outlast the CCP. Xi Jinping, the Maoist true believer and orthodox Communist is going to drive the CCP economy into the ditch much as his idol Mao Zedong did, unless others in the CCP intervene to stop him in the manner the CCP intervened with the Gang of Four.

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Poor old China's aspirations of being the worlds largest economy are dead in the water. They are in big trouble and it will get worse. I predict record shrinking to match the period it had of record growth. It wont last as long or be as much but its coming.

China hitched its engine to some Russian wagons instead of staying with wagons from the west. Xi has killed the golden growth as he strangle the people to get maximum loyalty above all else. Social credits and limiting children's time online, targeting tech firms and private ownership, stifling inspiration and innovation and making people so nervous about the state that they simply trundle along and try to keep a low profile. Fear will only last so long as at some point desperation will outweigh fear and things will get ugly, real ugly. Before then things are going to get much worse and many middle class people will lose everything, as will many well off business owners.

Xi must go for China to have any hope of improvement. And they must rid themselves of the CCP evil. Perhaps pattern themselves after Taiwan that has been successful for decades even with China's efforts to hurt it.

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