China’s Gamblers Ditch The Burst Stock Bubble, Return To Macau’s Casinos
By Tyler Durden
China’s plunge protection team may be scrambling to prop up the Shanghai Composite for the duration of the People’s Congress, but the moment the NPC is over, the stock “market” goes with it, and the people know it. But now that China has its favorite bubble back – housing – few care: after all the stock bubble was meant purely as a placeholder until houseflipping mania returns.
However, the bursting of the stock bubble is hardly bad news, and certainly not for Macau, because now that China’s habitual gamblers no longer have a market where to bet it all, they can finally go back to their original stomping grounds.
Here is Bloomberg’s take with “
Source: China’s Gamblers Ditch The Burst Stock Bubble, Return To Macau’s Casinos
