Hey, Chinese Communist Party: I realize that “saving face” is of paramount importance to you, but you’re embarrassing yourselves. The Chinese stock has lost $6 trillion dollars of value, fair and square, and it actually should be a lot more. All these “interventions” you are initiating work for a week or so, but the effect wears off, and you’re back to where you were……….except with even MORE debt (over 300% of GDP and counting). So wise up.
