TSE Also Affected by Shanghai Stock Price Drop
Stock prices dropped in Shanghai. Then, values significantly fell in the New York market. This morning the Tokyo Stock Exchange (TSE) also followed the downturn trend to the degree comparable with a drop in stocks triggered by the 2001 9/11 Terror.
There have been many various arguments in Japan about the state and prospects of Chinese economy. Japan is virtually the largest stakeholder in Chinese economy.
China has no tested economic and financial structure, including the bond market. Its accounting system and rules are too unique or weird. Its economy is mainly bolstered by its cheap labors, significant investment from overseas, and lucrative offer of various technologies from Japan.
In conclusion, if inflation starts in China while raising salaries of workers, control of money supply will be very difficult. It is expected that China has to suppress inflation by slowing down its economic growth. Its capital markets will be adversely effected so that stock prices will drop in Shanghai; then, value will significantly drop in the New York market; and Tokyo will also follow the downturn trend.
The U.S. should cooperate with Japan to keep Chinese economy safe and sound to all. Do not let them use the money market as a weapon to intimidate Japan and the U.S.
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My concern is, however, why Islam was established at a certain time in history and in a certain region of the world.
(It should be also noted that there are 130 million Muslims in China, while there are seven million Msulims in the U.S.)
I will deal with it tomorrow or so.
"I WILL PUT MY LAWS IN THEIR MINDS"