- cross-posted to:
- worldnews
- cross-posted to:
- worldnews
This highlights how stock market plays a far bigger role in US economy than it does in China.
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Sounds bubbly.
Well… yes. That’s what happens when the government effectively owns all the businesses in a country… investing in its stock market makes little sense when the government controls everything. They pick the winners and losers, not the investors.
They pick the winners and losers, not the investors.
Based
