FILE PHOTO - Investors sit in front of a board showing stock information at a brokerage house on the first day of trade in China since the Lunar New Year, in Hangzhou, Zhejiang province, China February 3, 2020. China Daily via REUTERS
An op-ed published on Tuesday in the state-backed Securities Times called the drop “normal” and compared it to similar market slumps after the outbreak of the SARS virus nearly 20 years ago and the Sept. 11, 2001 terror attacks on the United States. “Such events are usually only a short-term interruption ... and do not have a lasting economic impact,” the op-ed said.
when they say DON'T PANIC, it's time to panic tho!!
Strategy of China Phase 1: deny, deny, deny Phase 2: extreme reaction Phase 3: try to downplay the (selfcreated) panic to prevent marketcrash..
No...please panic so I can buy low and sell high in 4 months....
I would do the opposite of whatever China says
Anyone still believe the Chinese government?
Not to panic, party leaders will allow families to have more than one child, so they can bring any hidden children out to work. Families will make more children very soon.
I agree. It's much too early for panic in the market. Compared to the entire working population, numbers are low for the sick. Everyone needs to give China a break considering.
cafecomferri
that's probably what our State Media, Fox News, will say, too.
What a disgusting country China is !
Why should anyone believe anything China says?