Remain Calm: China’s Falling Knives

Remain Calm: China’s Falling Knives

Some of the headlines in Chinese media were amusing Wednesday. In the wake of a brutal selloff that devastated the previously "hot" EdTech sector and further undermined the bull case for virtually every "must-own" Chinese mega-tech you care to name, Party mouthpieces (so, basically all Chinese media) urged locals to remain calm. "Investors shouldn’t be overly pessimistic about the stock market," the China Securities Journal said. It cited "analysts," but any widely-circulated periodical is j
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