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they have been doing the same device for 5 years in a row… and now they are taking AI from chatgpt not creating or developing their own… at least do a little research before saying such fanboys sentences
104085035 : everyone lied, money moved from US to China. Nothing to do with war.
告到中央也没用 : if you know what is real reason in china market.You don't ask this question.
Michael Fong OP 告到中央也没用 : China's rally is going to be short-lived as it is just a knee-jerk reaction to stimulus recently announced by PBOC but HK will do better than her. China is still struggling to recover in post-Covid era compared to many other economies that have recovered. She is still saddled with lots of unsold properties and slow growth.
Junius Falcon : US stocks at historic highs (overvalued), whereas Chinese stocks are at 10y lows (undervalued).
告到中央也没用 Michael Fong OP : What you're saying is only one of the few reasons. The most important thing is that the government can't pay its debts. The government lacks the ability to collect direct taxes, so it has to inflate inflation to dilute debt. Compared with developed countries, China's civil servants are appointed for life, so there is no way to cut government spending. Real estate tax revenue can't be collected so we have to print money.