Mid-year SSE Update

Its been a while since Sinocracy has had an update, but now is a good a time as any to get things back on track.

Things have not been going well for China as a whole during the first half of 2008 - noteworthy events include devastating snow storms during February, and more recently the Sichuan earthquake in May.

The stock market has been a rollercoaster of a ride so far this year, and today, it dropped to a 15 month low.

Shanghai market sinks to 15-month low by -- A BROAD sell-off in the market dragged Shanghai's key stock index down for an eighth-straight day today and sent the index to its lowest level since March last year.

The Shanghai Composite Index, which tracks...

Naturally, the events have shaken investor confidence and affected the market considerably, and now we see the market at 2,868.80 points.

It is hard to tell which direction the market will be headed, but with inflation on the up, and China still recovering from the damage caused in Sichuan - now will definitely not be a good time to invest, even with bargain basement prices on A-Shares.

-GP