China has woken up to its folly of investing its money in American stocks. The last decade had seen China losing billions in pouring money into American stocks while neglecting its own stock market. Instead of making money, it burnt a big hole for its blind belief and adolation of Wall Street and the great American financial con game. While doing it, it also in a way allowed the hollowing of its own stock market and the value of Chinese stocks in Shanghai and Hongkong.
Now that it has learnt its lesson well, that Wall Street is another rotten apple and a bottomless pit, China is turning its interest back home. It is going to invest in its own market and stocks. China is also encouraging its pension funds and other financial institutions to boost its own stock markets.
The stupidity of Asians and their blind infatuation of everything American are turning full circle. The Chinese have learnt well and no longer behaving like little boys and girls pouring money into American stocks and assets. They rather put money to support their own markets and not look so stupid to the Americans.
The Chinese are now taking the lead to return to Asian. They used to believe and were misled by dumb American believers.
The Chinese stock markets can look forward to more Chinese funds supporting their own stocks.
Would Temasek and GIC now learn from China and cut their losses in America and Europe and bring back their foreign invested funds to support the local market and local stocks? Or would they continue in their blind belief that the American and European markets are the safest and most promising place to invest while hollowing out the local markets and abandoning local stocks?