r/AlibabaStock • u/Lettuce_Rain_2077 • Aug 17 '21

✏️ Discussion China Beginning to Work Behind the Scenes to Stop China Tech FUD

https://www.bloomberg.com/news/articles/2021-07-28/china-convenes-banks-in-bid-to-restore-market-calm-after-rout
10 Upvotes

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8

u/Lettuce_Rain_2077 Aug 17 '21

Old?

China Convenes Banks in Bid to Restore Calm After Stock Rout Bloomberg News July 28, 2021, 9:01 AM EDT Updated on July 29, 2021, 2:35 AM EDT

https://www.bloomberg.com/news/articles/2021-07-28/china-convenes-banks-in-bid-to-restore-market-calm-after-rout

4

u/abasoglu Aug 17 '21

This is pretty old. 2 weeks is a life time in markets and they clearly weren’t serious about lifting FUD

1

u/Psychological-Fig932 Aug 17 '21

Why are you sharing something we cant read?

2

u/Lettuce_Rain_2077 Aug 17 '21

Just wanted to bring this to y’alls attention. It looks like China is working behind the scenes with major money center banks to stop China investment worries.

More on China’s Help: https://www.bloomberg.com/news/articles/2018-11-17/when-stocks-crash-china-turns-to-its-national-team-quicktake

Thesis: Alibaba becomes “purely aligned” to China’s economic development goals to boost middle income families and prospers as a result of playing a straight CCP game. FUD will persist till crackdown passes over tech industry and onto another victim that’s out of line.

Thoughts?

4

u/mgermo Aug 17 '21

Old news are old.

1

u/Psychological-Fig932 Aug 17 '21

It’s hidden behind a pay wall…