One of the many oddities of the topsy-turvy world of Chinese finance is that red is green and green is red. In most countries “going into the red” means losing money; stocks that are falling are often depicted in red on ticker boards. In China, however, red is auspicious and so is the colour for stocks that make gains; green is for the losers. Before trading started on January 4th, the first trading day of 2016, Chinese financial media were full of cheery predictions that the nation’s markets would “open the door to red”—that is, get off to a flying start. But when the door opened, it was a flood of green.
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