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Re:China Stock Market Drops 8.5% by branchless on Monday August 24, 2015 @07:57AM (#10109116)
Yes they should follow the US lead and bail out all their banks!
Re:China Stock Market Drops 8.5% by mahranch on Monday August 24, 2015 @08:30AM (#10109269)
Actually, China goes way beyond that. Where the U.S tries to nudge things one way or the other indirectly (by changing interest rates and the like), China has total control over their economic & monetary system (including the banks). And they exert that control almost daily. It's one of the reasons why the Chinese Yuan will replace the dollar as the world's reserve currency.
Re:China Stock Market Drops 8.5% by branchless on Monday August 24, 2015 @09:25AM (#10109520)
I think the US and the UK interfere plenty. At least China isn't pretending they are against central control whilst pumping out "free market" rhetoric.
Re:China Stock Market Drops 8.5% by happyscrappy on Monday August 24, 2015 @09:41AM (#10109590)
The US let Lehman fail which was about all they could stomach.
Re:China Stock Market Drops 8.5% by adventured on Monday August 24, 2015 @09:30AM (#10109537)
China has vaporized trillions already trying to bail out their banks, which are extremely over-leveraged on debt. China's entire banking system is under high duress right now due to the 'shadow banking' debt mess.