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Business / 2 years ago
China Puts Trampolines in Stocks, As Investors Bounce Back After Record Sell-Off!
China's Innovative Trampoline Solution Helps Investors Bounce Back from Record Sell-Off
In an innovative response to recent economic turmoil, the Chinese government announced it had installed trampolines underneath the local stock market. Not literally, of course, because that would be ridiculous. These are figurative trampolines designed to bounce back investors' confidence after a record sell-off in August. Stocks on Monday saw investors jumping back into the market, figuratively soaring high, and for sure not from any actual trampoline related injuries. Net buying reached 6.3 billion yuan or approximately $867.30 million, through the Stock Connect. The move was taken on the swiftest of feathery wings of the Chinese phoenix, rising from the proverbial ashes of last month's plummet, to soar like an investor on a trampoline. "The trampolines are working. Investors are bouncing back. It's like a well-coordinated gymnastics routine at the Olympics, except everyone can get a gold medal," said a spokesperson for the Chinese government, who asked to be referred to as "Captain Bounce." The Chinese government also revealed that a high-performance, special bureau has been set up within the National Development and Reform Commission (NDRC). The special bureau, tentatively named "Team Trampoline," will focus on promoting the development and growth of the private economy. "These trampolines are not just about the bounce, but it's also about maintaining a steady flight upwards. Believe us, we have studied the physics extensively," added Captain Bounce, with a sudden childlike gleam in his eye. Monday’s jump comes after the announcement from the NDRC. As the old saying goes, 'An NDRC announcement a day keeps the stock crash away,' or something along those lines. Investors across the board are reportedly thankful for the trampolines, sharing selfies of them leaping gleefully from the comfort of their homes or offices. "I simply could not resist. The bounce is strong. The only way is up," tweeted one enthusiastic investor. Overall, it seems the financial landscape has indeed transformed. For better or worse, these trampolines are here. Now, let's see how high these investors bounce to the moon or perhaps, just enough to catch a profit.
posted 2 years ago

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Original title: China stocks rise after stepped-up stimulus policy | Business

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