From Alex Wu, The Epoch Times, February 4, 2024:
“China’s stocks are continuing to meltdown in the new year, and further plummeted on Feb. 2. In response to the negative movements in the market, authorities at the central bank of China—the People’s Bank of China—announced a total fine of 34.46 million yuan ($4.8 million) for China’s six major rating agencies,, including S&P Credit Ratings (China).”
Nice. If you don’t like what they say—especially if they tell the truth—punish them. As if that will make China’s stock market go up.
If you don’t like the storm that is headed your way, smash your barometer. That will solve the problem, won’t it...