Business
Why China might be keeping its citizens in the dark about markets plunging – Sydney Morning Herald
China’s markets have plummeted but its authorities appear keen not to let its citizens know about it.
Earlier this month the head of its banking and insurance regulator, Guo Shuqing, identified US financial markets as the greatest risk to the global economy and said China was very concerned that foreign asset bubbles might burst soon.
If financial markets diverged too much from real economies there would be problems, he said.
Chinas stock market experience underscores how inter-connected global financial markets are. Relatively modest, incremental, changes to US bond yields cause trillions of dollars…
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