Chinese Stockmarkets Fooled
The Stockmarkets in China, respectively in Shenzhen and Shanghai, have never been a safe bet for a reliable retirement plan as they prefer to dive. Last Friday the market was on the up as it was rumoured that the Government was to postpone sales of state shares for up to 30 years. Even in a communist country that is incorporating capitalism, 30 years seems kind of a strong commitment. Well, what day was Friday again, oh right, April Fools Day. So now it’s back to normal, back to going down.
see for more the articles in Forbes and the China Daily.
To quote the last “To the surprise of many, China’s shares bounced back on April Fool’s Day, April 1, after hitting a six-year-low just the day before.”
Posted
Monday, April 4th, 2005 at 5:48 pm,
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