China Stock Markets and Stock Prices

stock markets: China stock crisis doesn't compare to Greece'sAsian markets plunge despite Beijing interventions Last year, China stock markets suddenly woke up after a long stagnation, and word of easy money spread quickly, according to CBC. Tens of millions of small investors joined the trading craze, pushing stock prices up roughly 150 per cent in a year. Communist Party leaders scrambling to tame stock markets gone rogue are dealing with forces they clearly do not quite understand. Ignoring the sober reminders of what happened when the Dutch went mad over tulips in the 1630s, the British over the mysterious South Sea Company in the 1720s, and the whole world over dot.coms in the 1990s, party officials chortled over China stock miracle, and claimed credit for it. The next morning, the inevitable crash began. On June 12, the chairman of the Securities Regulatory Commission, Xiao Gang, told a meeting of top leaders that the bull market still had room to climb, while the Peoples' Daily said that rising stock prices are part of the "China dream" — President Xi Jinping slogan to restore the country to its former glory. (news.financializer.com). As reported in the news.