China pays $144bn to bolster stock market

When there’s no other investor to turn the market around other than the government, which nine times out of ten compounds the problem, you know it’s done.

 

China has spent $144 billion (€132bn) to bolster the country’s fragile stock market since June, Goldman Sachs has estimated, but still has more than that amount in reserve to deploy if stocks resume their sharp descent.

The coalition of state financial institutions – the “national team” – has a war chest of roughly $322 billion at its disposal to support the market, the bank believes.

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Assad offers Moscow, Beijing bonds worth $30bn. Russian warships off Syria

Announcing he is not responsible for the safety of UN observers on their way to Syria if they don’t obey his rules, President Bashar Assad has set in motion steps for prolonging his war on the Syrian people rather than abiding by a truce. debkafile discloses he offered Moscow and Beijing $30 billion worth of government bonds for a massive injection of funds to replenish his depleted war chest.

And at the UN Security Council, while Russia’s Vitaly Churkin in a surprise turnabout voted with the West on a UN observer team to secure the Syrian ceasefire, Moscow quietly sent warships to Syrian shores to secure the Assad regime.

The heaviest outlay for keeping the massive Syrian war machine turning over is on fuel. Countless tanks, self-propelled artillery, thousands of trucks and tank transporters are constantly on the move from one rebel flashpoint to another, reinforcing embattled units and ferrying troops, equipment and ammunition.

Full article: Assad offers Moscow, Beijing bonds worth $30bn. Russian warships off Syria (DEBKAfile)