you need to differentiate real economy and virtual economy. Stock market in theory is nothing to do with real economy after an IPO is executed. The real influence is confidence. In US, over 80% of people's retirement money is in stock market, so the government has to do all they can to prevent it from crashing, otherwise people will scale back their spending even more. While in China, only a fraction of people's wealth are in stock market, it is less a factor when government making decisions.
原帖由 svntn 于 2008-3-25 11:47 发表
you need to differentiate real economy and virtual economy. Stock market in theory is nothing to do with real economy after an IPO is executed. The real influence is confidence. In US, over 80% of peo ...