- China accounted for 38 percent of the global growth last year, up from 23 percent in 2010, (Morgan Stanley)
- $3.25 trillion loss is divided among around 90 million Chinese
- $6.7 trillion increase in China stock market in 12 months
- Corporate debt estimated at $16.1 trillion
- 150% rise over a year in the Shanghai Composite Index
- Goldman Sachs estimates the outstanding margin financing, at 2.2 trillion yuan ($355 billion)
- 1301 companies have had trading in their shares suspended.
- A $2.6 trillion of wealth, tied up in these shares, is completely frozen
This blog offers no investment advice. Views expressed are here without risk or responsibility.
No comments:
Post a Comment