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Today, worms have a wimpy look. Their survival on this earth among dangerous and attacking animals is always questioned because they don't have attacking ability or anything with which they can save themselves from attacking animals.
Having thrown the kitchen sink at their collapsing ponzi-scheme of a market in the past two days, only to see stocks open and crash once again overnight, it appears The PBOC went full intervention-tard in the middle of the morning session.
The moves came as it stepping up its efforts to support an economy that is headed for its poorest performance in 25 years.
Following a week in which the Chinese stock bubble popped and a weekend in which the Eurozone bubble followed, it was all up to central banks to stabilize the devstation that would follow should the Plunge Protection Team, now global, not show up.
On May 10, China cut its benchmark lending rate for the third time since November. The move came just a few days after several brokerages tightened margin requirements, which triggered a 4% decline in Chinese stocks.
The United States and its allies are making unprecedented efforts to wage war against Russia and China in order to prevent them from creating a new political and economic order in the world, an activist and journalist in Washington says.
Acting a day after the Shanghai and Shenzhen stock markets plunged more than 7 percent, China's central bank cut interest rates on Saturday and reduced the reserves that certain banks must hold.
Even with the latest drop, Chinese shares have more than doubled over the past year. We weigh the pros and cons of the world's hottest major market.
Following yesterday's furious market drop in Chinese stocks, just before the overnight open, Morgan Stanley came out with a much distributed report urging investors "Not to buy this dip", and so they didn't.
Before we get into the main story for headline scanning algos which of course is the endless Greek tragedy, it is worth noting that while overnight China scrapped its 75% loan to deposit ratio cap for commercial banks, broadly seen as yet another eas
Over the last several months there have been numerous reports highlighting the frantic activities of the world's ultra-wealthy elite.
The United States and China urged each other on Wednesday to remove barriers to foreign investment, saying that business ties were vital to overall relations, although they appeared to achieve little beyond rhetoric at a high profile three-day meetin
Chinese Cellphone Maker Ramos Repurposes Electric Car Battery Technology to Extend Life of Cellphone Batteries
I return to a theme that apparently only I ever talk about: the economic meaning of the phrase, "international capital flows."
If the United States and China are supposed to be such "great friends", why are both sides acting as if war is in our future?
And the other 10 member-nations The terms of destruction
As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe.
The Chinese Ministry of Agriculture is in bed with Monsanto. This clandestine relationship is being exposed through the tireless efforts of "over six hundred individuals from different fields and locations in China," who have submitted a petition
On April 17, we introduced readers to Fiery Cross Reef, one of China's man-made islands in the disputed waters of the South China Sea.
For the 2nd time in a month, China's Shanghai Composite entered a correction, plunging 10% from local highs as headlines of delayed IPOs and large-scale steel 'dumping' at a loss combined with global monetary policy fireworks and European event risks
New center, rockets, and navigation satellites
The US and China have signed a rare agreement to strengthen ties and develop a more productive military relationship.
The Chinese Defense Ministry has confirmed the latest testing of a hypersonic nuclear-capable delivery system.
Sunday Times says Downing Street believes both nations have hacked into American whistleblower's files, and that agents have been put in peril
As tensions in the South China Sea between the US and China continue to rise, the US Navy and Air Force are quietly gearing up to fight a war in the disputed region.
Differences between the United States and China over the South China Sea and cyber security should not be addressed by "microphone diplomacy" but in "a proper way" to allow for a successful U.S. visit by President Xi Jinping this year, a senior Chine
China on Tuesday slammed the Group of Seven (G-7) nations for making "irresponsible remarks" about Beijing's disputed territorial claims in the East and South China Seas.
Living three months in a place where you have to travel 10km to reach the closest store might be inconceivable for a modern city dweller.
Mike McCaul calls attack 'most significant breach of federal networks in US history', amounting to espionage – but the White House has not assigned blame
A man who stood in front of a column of tanks on June 5, 1989, the morning after the Chinese military had suppressed the Tiananmen Square protests of 1989 by force, became known as the Tank Man or Unknown Protester.
