As 2016 Starts, China Doesn’t Know What It’s Doing

As 2016 Starts, China Doesn’t Know What It’s Doing

Instead of laissez-faire economy China’s Communist Party tends to mess with the market. They are attempting the impossible: Stop market volatility. They did it last year just before the market peaked by telling people to buy more stocks. At the beginning of 2016, the Chinese government also halted the stock market for an entire day on January 7 but to no avail as the market continued to tank. It seems that China doesn’t know what it’s doing and it affects many global economies around the world. 2016 will be another uglier year as China still tries to control the market.

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