CHINA'S STATE MEDIA CALLS FOR BROAD STOCK MARKET "SUPPORT
- 2 months ago
Chinese state media outlets are rattling their bells, calling for support in equities as they attempt to soothe fears from the current "correction" in global stocks.
The correction in US equities is 'natural'.
"Worrying about a brewing global storm and continuing to be pessimistic on China A-shares is blind, and totally unnecessary."
Authorities are being urged to "roll out positive measures so that investors know the government cares about the stock market, while listed companies and financial institutions should also contribute to improving market confidence".
The China Securities Daily is urging the government to "inject liquidity" into the domestic stock markets in order to stabilize share prices in an effort to minimize the fallout from declining US stocks.
The Global Times noted that China's stock market has limited impact on the broader Chinese economy, and the domestic economy has survived the current round of impacts.
Source : Reuters