Over the last few weeks in China, the stock market has been almost the only thing on the lips of citizens—from the extraordinary hike in prices beginning in August 2014, to the precipitous crash beginning mid-June that wiped out nearly $3 trillion in market value, it seems everyone has a pet theory.
First, Chinese want to know why the market rocketed up in the way it did in the first place. In this, the Chinese Communist Party gets the blame.
“Emperor Xi [Jinping, the head of the Chinese Communist Party] called for it to go up 10,000 points, his loyal official Li [Keqiang, premier] forced the policy... and the media agitated the entire nation to get into stocks, trying to link the stock market victories to the achievements of the government,” wrote the Internet user Iamoverseachinese.
