Monday, May 21, 2007

Propaganda: stock market falls

Chinese media are sometimes a pretty funny bunch. They would rather tell what they think the government would like to hear than tell their audience the truth. I just saw a headline in the Shanghai Daily, telling the stock markets went down today.
It is eleven in the morning, so too early to cheer, but when I looked it up the Shanghai stock market was just a bit positive and climbed up from a -3 percent during the opening of the exchange.
So, as I already assumed yesterday, not many big things will be happening. Compared to for example Hong Kong the number of Chinese investors is still pretty low, despite the high growth rates. Still enough room to go up.

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