"Chinese authorities reportedly have given short sales and margin lending the green light to help boost trading in China's second largest stock market in Shanghai. This comes in stark contrast to U.S. regulators who have now banned short selling in more than 900 companies listed domestically.” ~MarketWatch~
Interestingly enough, while US struggles with their capitalism society, China is quickly learning how to play the game and making a bold move during a tumultuous time. China will attract the players who find their playground restricted in US but whether this is a good thing is up for debate.
Nonetheless, there is no denying that while the world has its eyes on US, China is making full use of the opportunity to establish its position as a Superpower. They do have to be exta cautious of controlling corruption and enforcing strict regulations on the financial sector. Hopefully, the situation in US has given enough insight into the dangers of capitalism.
Nonetheless, there is no denying that while the world has its eyes on US, China is making full use of the opportunity to establish its position as a Superpower. They do have to be exta cautious of controlling corruption and enforcing strict regulations on the financial sector. Hopefully, the situation in US has given enough insight into the dangers of capitalism.
With the growth of China, the day of a world with a balance of superpowers may come much sooner than expected. We can only keep our fingers crossed.
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