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cgod · 3217 days ago · link · · parent · post: China curbs IPOs, enlists brokers in all-out bid to end market rout
Pushing money into the market to save it seems like madness to me. Companies need to valued based on what they produce or upon the future expectations of their production. Maybe this is an intervention that can help lead to a softer landing but it looks like a panic. In the long term it's probably an adjustment that Chinese companies need but it's happening in a very dangerous way.