Following its huge advance last week, the Shanghai Composite Index plunged 6.5% on Thursday, marking the second largest decline of the year. The stock index dropped 370 points.
In one day, the Shanghai and Shenzhen markets dropped from 71.57 trillion Yuan to 67.51 trillion Yuan, a loss of 4.06 trillion Yuan.
The recent dip means painful losses for investors, 201 million A share holders lost an average of 20,000 Yuan per account. “We lost in one day, what we earned in one month.”
See also: China Experiences Largest Stock Market Surge in 7 Years
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Keywords: China A shares Chinese stock market Shanghai Composite Index
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It is buuble .No surprise. In one year how can the stock market double in value?
Jun 01, 2015 11:11 Report Abuse
In his time, Marx warned about the fundamentally unstable nature of capitalism, always growing to better collapse, and how it inevitably leads to conflicts between nations, the Great Depression was only solved with the WW2, creating new market opportunities through murder and destruction, and so will the current economic crisis that is certainly not over, only delayed. Capitalism by its very nature is not sustainable on the long run, today only China's growth is preventing the world to plunge into a greater depression than ever seen through history, the same depression that should have happened in the late 2000s but was "minimized" by massive spending making the whole situation even worse than it was. Now, we all know that China's growth will not last indefinitely and should prepare in accordance. There will not be a sudden collapse but a long depression that could lead to instability and violence worldwide. My advice is to buy a house in the countryside, stock food (cans, dried meat, stuff that can be kept for many years), water and seeds. In case of depression some common items (e.g. tools) will become much more valuable than undervalued paper money on the bartering markets. The current food production system highly dependent on government subsidies will collapse and growing your own food will be the key to survive. Don't panic, no apocalypse over the horizon, only rough times.
May 29, 2015 19:53 Report Abuse
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