Propaganda boost for domestic stock exchanges

China's domestic stock exchanges have been in the doldrums for the best part of the past three years, so when the China Daily reported on Monday the stocks were going up, I decided to struggle through a lot of unevital bullshit propaganda.
Domestic stocks have been heading south since the central government started to suggest it would try to sell the so-called non-tradable stocks on the stock markets. Traditionally China's state-owned companies only floated about one third of their shares, so they could keep a majority and control into their own hands.
The initial idea of floating all was to fill the empty pension and social security funds, but since the value of the shares melted away under that threat. The plans was shelved, relaunced, shelved and for years its status has been unclear.
Until this weekend when - writes the China Daily - the State council came with reforms everybody had been waiting for.
You have to struggle to about halfway the piece before it starts to elaborate on what actually has been decided - indeed a very bad sign. The guidelines are said to be "comprehensive" and investors would expect futher market rallies. After reading this master piece I still did not know anything: will use have to see what other media are writing.

Iinteresting: even the online edition of the Shanghai Daily did not give attention to this master piece of propaganda. Xinhua has a piece, and the Hindustan Times took a piece from Reuters about the reform, but even nobody else taak the Reuters-dispatch as far as I could see.