How is Xi Jinping taking control of China's stock market?
09/25/2023 •
Xi Jinping is focusing on security and stability in managing China's stock market. — Majority of the comments suggest that Xi Jinping is prioritizing national security and stability over aggressive economic measures. While there are diverse opinions, a recurring theme across multiple sources is Xi's intent on maintaining control, even if it means accepting slower growth or avoiding major stimulus measures.
Stats
| 46% | 46 | Mastodon |
| 29% | 29 | Bluesky |
| 10% | 10 | |
| 10% | 10 | Hacker News |
| 3% | 3 | |
| 1% | 1 | 4Chan |
| 56% | Negative |
| 24% | Neutral |
| 20% | Positive |
| 34% | 😡 Anger |
| 32% | 😱 Fear |
| 17% | 😃 Joy |
| 14% | 😢 Sadness |
| 2% | 😯 Surprise |
| 0% | 🥰 Love |
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Story
- Xi Jinping's approach to the stock market has generated varied reactions among commenters, with some expressing dissatisfaction and calling for bolder actions while others emphasize his focus on security and stability.
- There's a divergence on whether Xi Jinping's strategy of controlling the stock market is part of a broader plan to secure China's rise as a global power or if it's mainly about maintaining the Communist Party's grip on the economy.
- A viewpoint suggests that investing in China's stock market has become akin to irresponsible gambling due to Xi's handling and actions such as harassing listed companies.
- Some commenters believe that stronger stimulus measures and bolder steps are needed by President Xi to revive the Chinese economy, including increased government spending on various sectors.
- Xi Jinping's approach may have made it challenging for Chinese regulators to convince global funds to invest in China's stocks due to the perceived lack of a strong stimulus.
- A section of commenters supports the Communist Party's control over the economy, arguing it's essential for China's rise, stability, and long-term strategic planning.
- There are different interpretations on Western experts' stance regarding command-and-control approaches in managing economies. Some see examples supporting its effectiveness while others point to challenges in sectors like rail.
- Views diverge on whether the state of China's stock market is mainly due to Xi Jinping's deliberate actions or factors that have been building since 2008 and were accelerated by US QE policies.
- Some believe that Xi's focus on emerging technologies, such as AI and blockchain, is a sign of forward-thinking and can drive growth.
- Xi Jinping's efforts to boost the private sector and open up China's services sector are appreciated by some as positive steps towards global economic recovery.