Not surprised, Winnie the Pooh led them down the rabbit hole.
supercyberlurker on
Yeah reality is a sumbeach that eventually comes to collect on any debt.
Smart_Investment_326 on
That’s to bad.
Kannigget on
It’s good to know the boycotts are working. I want to remind people that not everything is made in China. Boycotting China is possible and easy. Just read the label. China only makes about 30% of the world’s stuff. It should be pretty easy to find non-Chinese stuff since it’s 70% of all the stuff.
> Richard Hunter, the head of markets for the trading platform Interactive Investor, described Wednesday's stock market falls as a reflection of "Investor disappointment".
> According to official statistics, the urban youth unemployment rate reached 18.8% in August, while the urban unemployment rate across all age groups was 5.3%. There are growing concerns that China will miss its own 5% annual growth target, a relatively modest goal by the country's historical standards.
8 Comments
Not surprised, Winnie the Pooh led them down the rabbit hole.
Yeah reality is a sumbeach that eventually comes to collect on any debt.
That’s to bad.
It’s good to know the boycotts are working. I want to remind people that not everything is made in China. Boycotting China is possible and easy. Just read the label. China only makes about 30% of the world’s stuff. It should be pretty easy to find non-Chinese stuff since it’s 70% of all the stuff.
[Top 10 manufacturing countries in the world in 2024](https://www.safeguardglobal.com/resources/top-10-manufacturing-countries-in-the-world/)
biggest F goes to Goldman Sachs who changed the rating to ‘overweight’ AFTER the stocks rallied up 30%, just to get wrecked the next day.
Special shout- out also to Jim Cramer who- of course- also recommed to buy into Chinese stock before they crashed.
What a joke of an headline.
There’s a -8% after a spike of **39%** in 4 days. The total over the last 5 days remains a **+24%.**
Stocks will always “fall” after massive growth
This is the best tl;dr I could make, [original](https://www.theguardian.com/world/2024/oct/09/chinese-stocks-suffer-worst-fall-in-27-years-over-growth-concerns) reduced by 83%. (I’m a bot)
*****
> Stock markets in Asia fell sharply after China's top economic planning authority failed to announce further measures to improve flagging growth.
> Richard Hunter, the head of markets for the trading platform Interactive Investor, described Wednesday's stock market falls as a reflection of "Investor disappointment".
> According to official statistics, the urban youth unemployment rate reached 18.8% in August, while the urban unemployment rate across all age groups was 5.3%. There are growing concerns that China will miss its own 5% annual growth target, a relatively modest goal by the country's historical standards.
*****
[**Extended Summary**](http://np.reddit.com/r/autotldr/comments/1fzu0yn/chinese_stocks_suffer_worst_fall_in_27_years_over/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~694816 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **market**^#1 **China**^#2 **measures**^#3 **Stock**^#4 **Investor**^#5