The Chinese government does not care about the performance of the Shanghai composite stock index, as only 10-12% of Chinese citizens own stocks (vs. 70% in the US), and most Chinese companies do not fund growth through equity markets, making stock market weakness irrelevant to Beijing's policy priorities or Xi Jinping's success metrics.
factualpending
Speaker
Louis VangermeerschEvidence Quote
“while in the US 70% of people own stock directly or indirectly in China it's it's between 10 and 12% of people who own stocks um and it's mostly the very rich so if it goes down it's like eh who cares [30:21]”
Source
From Wedlock to Deadlock: The East-West Divorce - with Brent Johnson and Louis Gave— In Gold We Trust [EN]Created: 8/12/2026, 6:04:21 PM
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