A brief history of the Chinese Currency (RMB,CNY,CNH)
– in light of a dramatic weakening turn last week
= THREAD pic.twitter.com/kyzgYka9CL
— Jens Nordvig 🇩🇰🇺🇸🇺🇦 (@jnordvig) April 24, 2022
Stock markets in HK and mainland China closed SO RED …🙈 pic.twitter.com/pOUppgG2CC
— Cathy Yuan Zhang (@cathyyuanzhang) April 25, 2022
Big sell-offs continue in China's stock market, Shanghai falls 3.4% and Shenzhen tumbles 4.1%.
Beijing locks down parts of Chaoyang District due to the Covid-19 spread, which triggers panic in the afternoon session.#China #stockmarket t.co/75FfqXTkKx pic.twitter.com/0T9tHdqxjj
— CN Wire (@Sino_Market) April 25, 2022
Hopes that the CCP might be easing its Shanghai lockdown were dashed this week as authorities loosened restrictions for manufacturers and others businesses, while mostly keeping restrictions on residential areas intact.
Instead of winding down restrictions in Shanghai, authorities are now scrambling to suppress an outbreak in Beijing which they believe may have been spreading for as long as a week. The capital city reported 22 new local cases on Sunday, its highest daily tally this year.
EVERYTHING BUBBLE turning into EVERYTHING BUST. Could this be start of biggest depression ever? I am concerned. WORLD of DEBT & WAR led by lying LEADERS. Great news is TWITTER may accept ELON’s offer. FREEDOM of SPEECH & TRUTH in MEDIA is road back to honest global PROSPERITY
— therealkiyosaki (@theRealKiyosaki) April 25, 2022