That may be true but most of the price actions are merely noises. The cataclysmic ones show how mass hysteria can easily form and that is rather independent of

That may be true but most of the price actions are merely noises. The cataclysmic ones show how mass hysteria can easily form and that is rather independent of the existence of manipulations. The problem is really that too much of capital allocation in China is still done through bank loans. And banks are not particularly good at spotting and adapting to new trends.