The world learned one important and a quite new thing last 2 years. The market is made in China. China is the vague, impatient child of the World Market with much weight than it was imaginable before. We have to lift our eyes to the Fareast to know about today market movers. The last 2 years was about this country decisions. Of course, there is the Granddad of the World Market as well the USA, but now it seems the new era is on the horizon with China.
China economic growth is in a fast-paced environment with almost as much money as the USA. Also for a good investments opportunity, they are willing to ruin their economy and pull down everyone else with them. China has a huge influence on the Stock market generally and also on the blockchain sector. Almost 1.4 billion people have been affected by whatever the government decide directly. Evergrande has $300 billion debt and they are unable to pay $83 million bond interest. The world is in fear and chaos again and panic sell.
They decided the crypto transfer is illegal and a sixth of the world is crumbling down of the mill. What will follow is panic and fear all around the world. Is China knowingly manipulating the market? Like a kid playing with the fire. This boy lights a match here and there in the garden till the parents don't watch. But FYI we all live in the same house. The world can not avoid any decision what the Chinese government make. It is affecting us just as much as the Chinese people.
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