$CSI 300 Index(000300.SH)$ $CSI 300 Financials(000849.SH)$Chinese financial stocks extended their recent rally, as traders continued to bet on policy support for state-run firms to help regain momentum in a market faced with renewed growth concerns.
The CSI 300 Financials Index jumped as much as 1.4% on May 9, on track for a six-day winning streak, the longest in 4 months. Bank of China led the pack with a 6.2% jump, even after it said business operations are normal and it has nothing major to d...
HopelessChi : the Chinese is unable to save its own economy. back to covid and back to battling the low consumer spending and etc. the passive mode will trigger the downfall of its internal companies in no time. investor see actions and they don't.
bullrider_21スレ主 HopelessChi: China is only now gradually recovering from reopening from the zero- Covid policy. Consumption will return. SOEs will recover. China is having problems because of the U.S. suppression on Chinese companies.
While China will grow at 5% this year, U.S. will grow at less than 2%. Don't expect China to help out the U.S. this time like what they did in 2008.
The U.S. keeps printing money. Robert Kiyosaki said it will be like toilet paper in the future.