Headlines in China newspapers this morning following the really great economic data yesterday ... that the stock market greeted with disbelief. The scoundrels!
Fancy going to all that trouble to fabricate massage publish impressive data only to have the market say .... "N'ah" ....
Ah well. Maybe they'll have better luck today.
The headlines are at it again this morning ...
The China Securities Journal says the stock market is expected to return to a stable development track in Q3
- Economy rebounding
- Government measures to stabilise the market will take hold
Shanghai Securities News says the government will continue to maintain a stable market
- Says this doesn't mean the government is endorsing a one-way rise of the stock index
- Sais Wednesday's fall was a normal correction after the sharp gains of the past several sessions
No mention of the hundreds of shares still suspended from trade so you can't sell them. Maybe there is no way to spin that as good news?
