calm before the storm, page-40

The Chinese stock market is no concern.
It was stuck in the 2000 to 2200 range forever.
The suddenly it increases to 5000 points in a little over a year.
Now it's back to where it was 3 months ago. Just 3 months of ridiculous growth gone.
It's not real with PE ratios around 40 or 50 for companies that statutory reporting would be torn apart in the west.
The average Chinese is not a professional investor.
The government said shares were good and they bought shares.
That's why the government had to step in.
There is only one thing that over rides all others in China and that is social stability.
They have more secret police watching the people than all the armed forces combined.