Tuesday, August 25, 2015

Time for religion?

Yesterday's Shanghai stock market rout was apparently not reported in China's official media! But images of a grotesque 6-meter sculpture of a bull pinning down a bear in Xiamen were. The wry story accompanying is about the incense sticks placed in front of it by investors. Business as usual for Chinese religion, you might say, faith in business as usual. In context it expresses not so much faith in markets as in market control.

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