China and the dead cat bounce

Why did the regime do all this?

Wikimedia Photo: Leo Fung
The Shanghai Securities Exchange Building.
Gwynne Dyer
Published: Wednesday, 07/22/2015 12:00 am EDT

A few weeks ago, at the height of the panic in the Chinese stock markets, a sour joke was doing the rounds: "Last month, the dog was eating what I eat. Last week, I was eating what the dog eats. This week, I think I’ll eat the dog." A lot of people have lost a lot of money.

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