Seems the players are bitching, "market has been closing down so quickly we can't BTFD". Wonder how THAT will backfire.
Apparently. We'll get to see one session without the circuit breaker followed by a couple of weekend days to "think about it".
Lots of trial and error over there. All in the midst of some of the shakiest accounting in the world representing equities traded by very superstitious and emotional folks.
Sort of like the financial crisis in the US. I love it when people talk about how crappy a job China is doing when the US did the same effing thing a few years back.
I think it's more of growth pains and cultural dissonance. They grew an enormous economy in relatively short time, and that's impressive.
If your central bank and government are pumping/jawing the markets higher while trying to prevent corrections.... is that really "capitalism"?