That's because in the space of three weeks, China’s Shanghai Composite stock index has lost nearly 30 per cent of its value, wiping out some $2.3 trillion U.S. in wealth. As Bloomberg News put it, that’s a loss of $1 billion for every minute of trading. Regulators have halted trading in more than 700 listed companies, and at least two dozen IPOs have been cancelled.
well shit.
I seriously don't understand what the thought process the Chinese government has to prop up this stock bubble. Perhaps the hope is utilizing government control of media outlets to reduce the fear of the Chinese public will prevent a mass sell off. Its hard to maintain stock market highs that aren't justified by the fundamentals imo.