Yesterday’s news regarding the Chinese stock market once again showed how brittle the global economy is at this point. With stocks tumbling slightly over 7 percent, trading was suspended a few hours before the markets closed. Things did not get off to a good start earlier today, as an early 2% loss was worrying a fair few investors. But things calmed down once the People’s Bank of China intervened and poured money into money markets.
http://bitcoinist.net/peoples-bank-of-china-intervention-in-stock-market-debacle-lacks-transparency/
http://bitcoinist.net/peoples-bank-of-china-intervention-in-stock-market-debacle-lacks-transparency/
The PBOC are going to have to throw a lot more cash if they want to prop up their economy
it's about as fake as the volume on the Chinese exchanges
