At a different broker’s office in Beijing, Liang Shuang said he had invested $100,000 into the market and lost at least third of his investment. He said: “The stock market is like a casino. But in a real casino you know the rules of the game.”
In the rural village of Nanliu two hours drive outside of Xian, villagers huddled around a mini stock exchange center watching their portfolios shrink with much dismay.
Farmer Liu Jianguo said, “I have lost confidence in the market. I’m waiting desperately to see if my stocks will return to the level where I bought them. It looks as though the government has done quite a lot but the impact is limited.”
And there is a lot of dark humor on social media about the stock market plunge. One writer posted a wanted poster of a bull saying “Where is the bull?”
The term “Plunge in Shanghai Composite” made it to the top 50 search topics on China’s Twitter-like platform Weibo, ranking in 4th place early Wednesday.
https://endtime.com/wp-content/uploads/2017/06/102748522-GettyImages-464357026.530x298.jpg 298 530 alphatimes https://endtime.com/wp-content/uploads/2020/06/endtime-logo.png alphatimes2015-07-09 00:00:002018-03-28 16:13:41China’s retail investors give up hope as stock exodus intensifies