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This is important information for people who are using the 4L & 6N Chinese domain buying strategy.
China is making some pretty shaky moves to keep their market from crashing...
Their central bank is giving money to their securities management so they can provide loans to stock buyers who need money to continue buying stocks, or who need to pay their margins.
Twenty-one firms said they would dump $19.3 billion USD into the market in order to keep the index high, and twenty-eight companies shave suspended their IPO's.
Maybe some investors will be looking to store some value in domains, but the 'good times' of businesses making a priority of obtaining a generic numeric/4L domain for top dollar might be put on the back burner.
It will be interesting to see the DN buys/sells over the next two months.
What are your thoughts on this?
http://money.cnn.com/2015/07/05/investing/china-stocks-crash/
http://www.bloomberg.com/news/artic...sink-most-since-12-on-china-greece-double-hit
China is making some pretty shaky moves to keep their market from crashing...
Their central bank is giving money to their securities management so they can provide loans to stock buyers who need money to continue buying stocks, or who need to pay their margins.
Twenty-one firms said they would dump $19.3 billion USD into the market in order to keep the index high, and twenty-eight companies shave suspended their IPO's.
Maybe some investors will be looking to store some value in domains, but the 'good times' of businesses making a priority of obtaining a generic numeric/4L domain for top dollar might be put on the back burner.
It will be interesting to see the DN buys/sells over the next two months.
What are your thoughts on this?
http://money.cnn.com/2015/07/05/investing/china-stocks-crash/
http://www.bloomberg.com/news/artic...sink-most-since-12-on-china-greece-double-hit