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Not saying there will be a mob but the Chinese stock market is heating up to the point where companies are stopping manufacturing and using their assets to buy
by dharma1 11y ago
Not saying there will be a mob but the Chinese stock market is heating up to the point where companies are stopping manufacturing and using their assets to buy stocks instead.
And the level of unserviced debt is getting high, but the central bank prefers to have the lenders rolling it over rather than letting defaults be triggered.
So buying property abroad would make sense for those Chinese who can afford it in terms of diversifying their investments as well as having a back door out of the country if it things go sour.
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCEQqQIwAA&url=http%3A%2F%2Fwww.wsj.com%2Farticles%2Fchinese-firms-put-cash-to-work-in-stocks-1434463023&ei=NMGCVd-FJcbyUu7NgNgK&usg=AFQjCNFHBFVJJXvUjU9_XQu7FeXVEn8mfA https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web...
- olalonde 11y agoAgreed. I guess I might have taken parent's comment too literally. I'm just tired to see the inevitable and often gratuitous China-bashing in those types of submissions.