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Following The Herd In China.(Business)(Chinese stock markets)
Byline: Duncan Hewitt
Beijing's meddling and immature investors make for a dangerous mix in equity markets.
For all its communist trappings, China is one of the few countries in the world where the public obsession with the stock market routinely spills out onto the streets. Every weekend, the sidewalks of Guangdong Road, near Shanghai's People's Square, are thronged with hundreds of investors who come to exchange tips and opinions on the market. Some talk conspiratorially in small groups, while others express their views loudly and animatedly, attracting crowds of onlookers. Many participants are retired or laid off, others are menial workers, but some ...
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Source: HighBeam Research, Following The Herd In China.(Business)(Chinese stock markets)