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Thursday, May 12, 2016
Stock Market Plunged When People's Daily Published the Opinions of 'Authoritative Person’
ANBOUND

Some observers noted that since 2015, whenever the People's Daily published articles citing the opinions given by the 'authoritative person’, the stock market plunged.

ANBOUND’s chief researcher, Chan Kung is of the view the articles featuring the views of the authoritative person had triggered excessive market reaction mainly because the wishful thinking had caused the market to misjudge.

In the future, if China’s economy can stay steady and prudent, putting stability above others and making progress while maintaining stability, then it is certain that the outlook of China’s economy will be bright.

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