The report of the journalist could be the cause of the collapse of the stock market in China

The Chinese agency Xinhua published information that journalist Wang Xiaoluu, who works for the online business media of China Caijing, admitted his guilt in the collapse of the Chinese stock market. The report to Wang Xiaolu, published shortly before the collapse of the Chinese securities market, contained inaccurate information, the report was based on rumors and speculations, writes Siliconrus. It is this information, according to Xiaola, that caused a decline in confidence in the positive state of affairs of the Chinese stock market among stockbrokers.

Yesterday, Xiaola’s testimony was also broadcast by CNTV, China Central Television. It is worth noting that the report of a journalist from a reputable business publication could really affect the opinion of the Chinese stock market players on the state of affairs and on the decisions they make.

Now the Chinese government has moved from cash injections into the stock markets of the country to punish those whom officials believe are guilty of the current state of affairs.
')


Now the main Chinese stock index of the Shanghai Composite has lost about 40%. At the same time, only in July, the stock market indicators of China’s stock market rose to their maximum value in seven years.