Evergrande Falls 87% as Another Chinese Stimulus Rally Fails

The Chinese stock market opened with a roar but closed with a whimper as yet another rally in Chinese assets showed no staying power after the government lowered taxes on stock trades, loosened margin requirements and asked some mutual funds and trading firms not to reduce their equity positions.

Join me in Las Vegas for the Silver Symposium from Sept 29-Oct 1! Use this affiliate link to get 10% off your tickets:
https://www.eventbrite.com/e/2023-stockpulse-silver-symposium-tickets-635415213007?discount=NobodySpecialFinance

Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinance
Support the Channel by Buying Me a Coffee
https://www.buymeacoffee.com/nobodyspecial
Support the Channel with Melon Merch by TeeSpring:
https://nobody-special-finance.creator-spring.com/

Join My Discord for More Discussion, Q&A, and News: https://discord.gg/njvf3DPPrF

Affiliate Links:

Use this link to get $10 in free Bitcoin with Swan: https://www.swanbitcoin.com/NobodySpecial/

Save $50 Crypto Tax Preparation with Pro Bitcoin Solutions: https://probitcoinsolutions.com/NSF

Recommended reading (Amazon Affiliate links):
Rich Dad Poor Dad by Robert Kiyosaki: https://amzn.to/3rJvA7Y
Atomic Habits by James Clear: https://amzn.to/423Odoy
Why We Need The Fed (blank gag book) by Joe Brown: https://amzn.to/403amBS

Follow me on Twitter: https://twitter.com/JG_Nuke
Follow me on Gettr: https://gettr.com/user/nobody_special_
Follow me on Gab: https://gab.com/NobodySpecialFinance
Follow me on Reddit: https://www.reddit.com/user/JG-NUKE

#chinaeconomy #Evergrande #recession