CHINA JUST SPENT $9 BILLION TO STOP ITS STOCK MARKET FROM COLLAPSING.
Two state owned funds, China Reform Holdings and China Chengtong, put nearly $9 billion into Chinese stocks over the weekend.
Before this, Chinese stocks had a brutal two weeks. Rising Middle East tensions, a global AI-chip selloff, and an $8.6 billion IPO from chipmaker CXMT drained cash out of the market.
Together, these wiped out $1.48 trillion from the Chinese stock market.
Regulators met with market participants before the state funds stepped in.
This is China's usual move during a bad selloff: state money buys just enough to stop the bleeding.
This rescue pushed prices up, but investors aren't fully convinced yet.
For the recovery to last, buying needs to spread beyond state backed stocks into private companies and financials.
That didn't happen last time China tried this, in 2021, when a similar $1.3 trillion crash came right back days after the government stepped in.
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Two state owned funds, China Reform Holdings and China Chengtong, put nearly $9 billion into Chinese stocks over the weekend.
Before this, Chinese stocks had a brutal two weeks. Rising Middle East tensions, a global AI-chip selloff, and an $8.6 billion IPO from chipmaker CXMT drained cash out of the market.
Together, these wiped out $1.48 trillion from the Chinese stock market.
Regulators met with market participants before the state funds stepped in.
This is China's usual move during a bad selloff: state money buys just enough to stop the bleeding.
This rescue pushed prices up, but investors aren't fully convinced yet.
For the recovery to last, buying needs to spread beyond state backed stocks into private companies and financials.
That didn't happen last time China tried this, in 2021, when a similar $1.3 trillion crash came right back days after the government stepped in.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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Firefighters rescued a dog found swimming in San Francisco Bay. The dog was taken to a local animal rescue, where it was reunited with its owners after being missing since July 4
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Moment explosive device detonates outside New York City’s 26 Federal Plaza; suspect taken into custody
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JUST IN: Iranian President Pezeshkian says Iran is in a "full-scale war" with the United States
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CORRUPTION: Chinese fraudsters are stealing billions from from Medicaid. Thankfully Dr. Oz is on the case working with the IRS and HHS to shutdown the fraudsters and bring them to justice. What percentage of our nation's entitlement spending goes to criminals?
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Historian Bill Federer: "By 2030, there will be a majority Muslim population in Europe, and they will just flat out vote for Sharia law.
People forget Egypt was completely Christian for 6 centuries. It's not anymore. All of North Africa was completely Christian for 6 centuries. It is not anymore.
Constantinople was the largest Christian city in the world, and the largest Christian church in the world for hundreds of years was the Hagia Sophia. And it was turned into a mosque.
They want to do the same thing with the Vatican."
Pay attention to what he is saying!
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People forget Egypt was completely Christian for 6 centuries. It's not anymore. All of North Africa was completely Christian for 6 centuries. It is not anymore.
Constantinople was the largest Christian city in the world, and the largest Christian church in the world for hundreds of years was the Hagia Sophia. And it was turned into a mosque.
They want to do the same thing with the Vatican."
Pay attention to what he is saying!
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Greece could sabotage EU's ban on Russian LNG shipments
Athens stated that EU's 21st package of sanctions could seriously harm Greek shipping and allow competitors from third countries to take over the market
It seems like Brussels is ready to even sacrifice their own members for the sake of "hurting" Russia
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Athens stated that EU's 21st package of sanctions could seriously harm Greek shipping and allow competitors from third countries to take over the market
It seems like Brussels is ready to even sacrifice their own members for the sake of "hurting" Russia
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F&Ck it we ball. codex solve a maths problem for me.dont care which one. make no mistakes
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Absolutely incredible things happening on the TL:
alibaba effectively admitted to being MANDATED by their Big Guy to pivot AWAY from closed and TOWARDS open (weights)
while the US is throwing export controls around like a game of blind pin-the-tail-on-the-donkey, China is really going all in on commoditization, forcing their corps to foot their own AI bills and release the final artifacts to the public (thereby controlling public fear of walled gardens and mass job displacement while allowing their AI labs to build goodwill at the same time)
now tell me, who is the blind one in their policy strategies?
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alibaba effectively admitted to being MANDATED by their Big Guy to pivot AWAY from closed and TOWARDS open (weights)
while the US is throwing export controls around like a game of blind pin-the-tail-on-the-donkey, China is really going all in on commoditization, forcing their corps to foot their own AI bills and release the final artifacts to the public (thereby controlling public fear of walled gardens and mass job displacement while allowing their AI labs to build goodwill at the same time)
now tell me, who is the blind one in their policy strategies?
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