China has been sharply criticized in certain free market circles for its rather overt influence used to curb selling in its stock market. Now Goldman Sachs report out Tuesday has put specific numbers on how much the “national team” in the Chinese government has used to its support domestic stocks. Goldman: During June to July period nearly RMB 900 billion in Chinese support purchasing stocks Goldman Sachs analysts Chenjie Liu, Timothy Moe and Jack Wang, estimate that during the June through July period the Chinese government, which it terms “the national team,” potentially spent RBM 860 to 900 billion (close…
Goldman Estimates China's Government Support In Market At RMB 2 Trillion
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.