this post was submitted on 03 Feb 2024
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[–] [email protected] 3 points 5 months ago* (last edited 5 months ago)

I haven't been on Chinese social media for a while, but just a couple days ago, my wife told me that China has huge crash in the stock market, and apparently people are upset: https://markets.ft.com/data/world/countries/china

People apparently are commenting about the crash under a post about giraffe by the American Embassy: https://web.archive.org/web/20240203222849/https://m.weibo.cn/detail/4997088081609837 . Not a sentence I ever think I will say, but it is what it is.

Google translate don't work on this page for whatever reason, so you can pick some comments randomly and put it into translate to see for yourself.

So it is possible that the heavy report on the problem of U.S. is a diversion tactic to the internal problem in China: "You lost all your money, at least we are not in a civil war. LOL"

Although personally, I don't have much empathy towards people lost money in the stock market. They are by definition "capitalist", and they took a gamble and lost; especially in Chinese stock market, which is known to be unstable.