China Stock Market Is Going Up By Up To 20% With The Chinese Government ‘Gone Crazy’
China’s stock market has been going up in the last few days, with the Shanghai Composite closing at an all-time high.
But as of this writing, the Shanghai stock market is still down 0.7%.
So what is going on?
China’s central bank is trying to keep the stock market afloat by keeping the yuan’s value stable, while keeping inflation below 6% (inflation is the number that shows how many people are actually in the workforce).
That is a recipe for financial stability, but the government has been throwing its weight behind the stock markets for years.
China’s share of the global economy has been growing steadily for the past decade, and the government is trying harder to get the country’s economy moving.
The country’s stock markets are being buoyed by the Chinese government’s continued attempts to stabilize the currency.
The Shanghai Composite has soared to record highs over the last three weeks, and has now been up 10.3% in 2017.
But the Chinese stock market doesn’t appear to be holding up that well.
There are several reasons for this.
One is that the government doesn’t want to see the economy slow down.
According to Bloomberg, the government hopes the stock price rally will drive investors to spend more in the Chinese yuan.
Another reason for the stock crash is the central bank’s plan to devalue the yuan.
That will allow the Chinese currency to trade more with other currencies and drive up its value against the dollar.
It’s not clear how that will work, but China’s economic growth has been slowing since the beginning of 2017, which has caused the government to increase interest rates and devalue its currency.
The U.S. and Europe have also been worried about China’s currency depreciation, but their concern is likely overstated.
So far, the stock prices have performed well in China.
The Shanghai Composite is up 1.5% since the start of the year.
That is better than many markets in the world, but not as good as the Dow Jones Industrial Average or the S&P 500.
This is why the Chinese central bank has been pushing the stock-market rally.
In fact, the Chinese Central Bank has been pumping money into the stock exchanges as part of the plan to support the stock stock market.
The government’s plan was to push up the Shanghai and Shenzhen stock markets by selling yuan bonds and buying bonds in the Shanghai market.
This is where investors are getting excited about the stock rally.
The Shanghai Stock Exchange opened at 6:00 am on Wednesday, but it wasn’t clear if the markets would open until around 11:00 pm, according to the Reuters news agency.
It was also unclear how many Chinese people would be able to buy yuan bonds, since many of the transactions will be done through electronic gateways.
What happens next?
According the Reuters, the official Shanghai Stock exchange will open at 11:45 pm, but most of the markets will close around 2:00am.
That is a sign that China’s economy is slowing, but some markets aren’t slowing down.
Shanghai’s economy has grown faster than other parts of the world since the end of 2017.
The Chinese government is hoping that the stock rallies will encourage people to spend their money in the yuan, so the government can stabilize the market.
As the market continues to climb, investors may decide to keep buying yuan bonds in hopes that the yuan will appreciate in value.
Some experts believe that China is now poised to become the first major economy to break through the 10% mark.