It s
tarted with the China Securities Regulatory Commission giving out a cleverly manipulated warning that the country’s stock markets lacked long-term stability and required significant reforms. The ‘cherry on the chowmein’ was when Cheng Siwei, Vice Chairman of the National People’s Congress, expressed his ostensible concerns, in a most intelligently placed and deliberately much publicized interview, that the mainland stock market could be overheating. Since his interview on January 30, the Shanghai Composite Index lost almost 9% of its value within two days to close at 2673.21 on February 2.
For Complete IIPM Article, Click on IIPM Article
tarted with the China Securities Regulatory Commission giving out a cleverly manipulated warning that the country’s stock markets lacked long-term stability and required significant reforms. The ‘cherry on the chowmein’ was when Cheng Siwei, Vice Chairman of the National People’s Congress, expressed his ostensible concerns, in a most intelligently placed and deliberately much publicized interview, that the mainland stock market could be overheating. Since his interview on January 30, the Shanghai Composite Index lost almost 9% of its value within two days to close at 2673.21 on February 2.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative
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