Saturday, February 05, 2005


Blue Skies, Smiling (From The East) At Me ♫

Economically, it's important to remember that China is neither a miracle nor an abyss. And its stock market is still a highly manipulated one:

A survey by Xinhua News Agency at the end of last year indicated that in the past three years nearly half of investors lost more than 50 percent of their investment, 75 percent of investors choose “never to invest in the Chinese stock market again.” Investors think that the China Securities Regulatory Commission should take full responsibility because it allows listed state-owned and privately held companies to make false reports.
Buyer beware. This is not a market yet; it's a government promise.