China to inject $174B of liquidity on Monday as markets reopen

Re:China to inject $174B of liquidity on Monday as markets r... by ptx on Sunday February 02, 2020 @03:14PM (#22219128)

The response might not have needed to be as massive if the initial reaction of the Chinese authorities hadn't been to send the police after the doctors who discovered the problem[1] and try to hush it up.

[1] https://www.nytimes.com/2020/02/01/world/asia/china-coronavi...

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Re:China to inject $174B of liquidity on Monday as markets r... by ithinkinstereo on Sunday February 02, 2020 @03:21PM (#22219184)

Maybe, maybe not. I think the contrast to past epidemics is stark and shows the government is willing to learn and improve.

In any case, the comparison to Chernobyl and 80s USSR is pretty off-base, wouldn't you agree?

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Re:China to inject $174B of liquidity on Monday as markets r... by sudosysgen on Sunday February 02, 2020 @10:49PM (#22221284)

Understanding the exponential fiction is key here. You can do 50x times as much effort with great technical ability and execution a month and a half later, it will barely be as effective as telling people to be careful a month and a half earlier.

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Re:China to inject $174B of liquidity on Monday as markets r... by ptx on Sunday February 02, 2020 @03:27PM (#22219210)

The comparison fits in that a tendency to hide bad news (i.e. swallow errors and suppress warnings) erodes trust in (edit: and effectiveness of) the system.

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Re:China to inject $174B of liquidity on Monday as markets r... by ithinkinstereo on Sunday February 02, 2020 @03:40PM (#22219273)

Well, if we are to nitpick.... apples and oranges are both round!

Yes, there are certainly similarities between the USSR and China. But if we are to be objective and fact-oriented here, comparing China today to the USSR in the 80s and its response to this epidemic to the USSR's in Chernobyl, is a big stretch.

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Re:China to inject $174B of liquidity on Monday as markets r... by toyg on Sunday February 02, 2020 @07:19PM (#22220442)

> Yes, there are certainly similarities between the USSR and China.

You are reading my comment in a shortsighted way. Note how the second part of the sentence mentions the US under GWBush - obviously I'm not arguing 2000s US and 2020s China are similar in political or economic structure. The point is how political consensus with fascist characteristics, that had looked unbreakable until then, can quickly be upended by crisis when the system is shown as uncapable to guarantee personal safety.

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