For those wondering why Chinese futures aren’t crashing as of this moment, only to surge in the last hour of trading like plunge protected clockwork, the reason (and also the patriotic alibi behind China’s “National Team” valiant, if failed, attempts to get a green Shanghai Composite close the past three days) is shown below: this is what Tiananmen Square looked like moments ago before the start of China’s “historic” 70th V-day parade celebrating the anniversary of the end of the second world war as well as China’s victory over Japan, not necessarily in that order (it is still unclear if those five Chinese ships parked off of Alaska are in any way related to today’s festivities).
***
Here, via Xinhua, is a list of China’s contributions in the war effort:
1 million — Since the July 7 Incident in 1937, when full-scale war against Japanese aggression broke out, the Chinese battlefield tied up about 1 million Japanese troops, or two thirds of the total Japanese army. This allowed the Soviet Union to deploy more than half a million troops from the Far East to the country’s major battlefield with the German Nazis, thus accelerating its victory against Germany. 1.5 million — As the major battlefield of the Pacific War, China inflicted heavy casualties on the Japanese aggressors, costing them 1.5 million troops, which makes up more than 70 percent of total Japanese military casualties in the war.
This post was published at Zero Hedge on 09/02/2015.
Follow on Twitter
Recent Comments