(Opinion of Bloomberg) — You can’t compete with the market, said the late British Prime Minister Margaret Thatcher. In another context, American heavyweight boxer Mike Tyson noted that everyone has a plan until they get punched in the mouth. Both expressed variations on the same principle. Faced with an undeniable force, the only way is to capitulate. And that’s what the Chinese government just did.
This post China submits to a painful market reality
was original published at “https://www.bloombergquint.com/gadfly/hong-kong-china-s-stocks-surge-as-communist-party-capitulates-to-markets”
