The China stock market drop compared to the Chinese stock market drop

Most of the Western sites discussing the stock market drop in China are blocked. However, my mother was able to read about it on China Daily, which signifies that China is making an effort to be more open about its economy with its citizens. But the Chinese painting of the massive dip in the stock market and the way the rest of the world displays it are very different.

This is what my mom was able to open
http://www.chinadaily.com.cn/business/2015-07/09/content_21228580.htm

Here are Western articles that are a bit more honest about the drop

http://www.marketwatch.com/story/chinas-stock-market-crash-is-just-beginning-2015-07-08

http://www.telegraph.co.uk/finance/china-business/11725236/The-really-worrying-financial-crisis-is-happening-in-China-not-Greece.html

http://www.ft.com/cms/s/0/6eadedf6-254d-11e5-bd83-71cb60e8f08c.html

The Chinese reaction was more calm

Western articles saw it more seriously

The biggest difference I observe is that in the Chinese version, the 30% drop in the stock market is that it is almost portrayed to be an American problem or only an issue for U.S companies. Instead of focusing on China, it mentions the U.S market a lot. I think this is to take focus off of the national issue The above article even said that Chinese investors should see this as a great opportunity to invest in companies on the mainland. When clearly, any major drop like this is not an opportunity or a good thing.


While the article does mention the 30% drop, it is spelled out in words rather than numbers. It might not seem like much of a difference, but when people read and can visually see numbers and percentages, they pay more attention to what they signify. So it is almost embedded to not cause alarm. The most honest part of the writing was when it quoted that the Chinese bubble could be bursting.


My point in discussing the difference in the Chinese and elsewhere's portrayal of the stock market drop was to highlight that even when China doesn't use censorship, it still puts such a spin on some stories that it almost doesn't seem like the same thing.

Give these article a read and let me know what you think of the difference!