30 Jan '16, 12am

#Chinese #domain sales : Cooking the books with ‘water injection’ https://t.co/XndQNQ1vve

Chinese domain sales : Cooking the books with ‘water injection’ Posted by DomainGang on January 29, 2016, at 6:50 pm Chinese domain market report. The Shanghai Stock Exchange closed the week with gains compared to yesterday; still, the losses since the beginning of the year amount to 22.65%. On top of all that, doubts about the legitimacy of China’s growth numbers bring down the estimated GDP growth to as low as 4.3%. A 6% growth would have been considered remarkably low, given the previous years’ numbers. In other words: The Chinese were cooking the books , or as they say in China, the books were “injected with water. ” The Chinese New Lunar Year begins on February 8th, and 2016 is the year of the Monkey ; an ironic coincidence. Domain investors are funneling money to short domain names in China, a practice often seen as evasive to their government’s controls over monetar...

Full article: http://domaingang.com/domain-news/chinese-domain-sales-co...

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