China readies cushion for virus shock when markets re-open

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China's central bank announced plans to inject more than $170 billion into the economy to cushion the shock to financial markets from the outbreak of a new virus when trading resumes on Monday after a prolonged Lunar New Year holiday.

FILE - In this Jan. 16, 2020, file photo, an investor monitors stock prices at a brokerage in Beijing. Several factors are pointing to a possible rebound in emerging market stocks this year. Stocks in China and other developing economies notched solid gains in 2019, but lagged the blockbuster market returns delivered by publicly traded companies in the U.S. and other developed economies.

The People's Bank of China announced several measures over the weekend aimed at stabilizing the economy as the impact of the virus spreads with cancelled flights, stepped up quarantines and other controls. In a separate statement Saturday, the PBOC said that while markets would reopen, financial institutions should follow local quarantine regulations and try to minimize gatherings to reduce risks of spreading the virus, which has infected more than 14,000 people and killed more than 300.Regulators have also urged banks and other financial institutions to boost lending and avoid calling in debts in areas severely affected by the pandemic.

Mainland China's main share benchmark, the Shanghai Composite index, sank 2.8% to 2,976.53 on Jan. 23, its last day of trading before the Lunar New Year.

 

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Our soo called “ Free Markets “

Sure, shortly after they printed off 50T on a separate set of financial books, made up, printed off and 15T is invested in our stock market!? So who's or what's really supporting who or what? It's a game is designed to keep people surpressed and controlled!

Never mind the investment, stop people in china from eating bat!!

Well this is much better than what some of it citizens have been ingesting!!!

How about you keep the money and just stop eating dogs...is that too much to ask from the most disgusting culture on the planet?

Is this called cheating?

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In Virus-Hit China, Markets Brace for a Fall as Authorities Urge CalmStocks in China are primed for a steep fall Monday when markets in Shanghai and Shenzhen reopen after a week-long closure, even as Chinese authorities try to calm frayed nerves over the fast-spreading Wuhan coronavirus. buy the dip! Everyone knows: Viruses are Seasonal 🥳 You know when your financial adviser told you that China was a life time winner, well enjoy the ride. let china be crushed and the North American folks who invested in modern day slavery savour their losses.
Source: WSJ - 🏆 98. / 63 Read more »