The Chinese really don't like equity market losses
From UBS: "The US embassy in China has received protests about equity market declines. The US is accused of colluding with the Chinese regulator to bring about the fall in prices."
Obviously, this is absurd.
But it's a reminder that people in the most-populous country in the world don't see anything through the same lens as the developed world. In China, the government has its hand in everything, corruption is everywhere so it's natural to assume the government is behind every move, even in stock markets.
h/t @zerohedge.
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