Andy Xie

Boom and burst

Submitted by loner on 24 August, 2009 - 11:03pm

Andy Xie
cent
Federal Reserve System
Hunan
retail
United States
US Federal Reserve
www.scmp.com/portal/site/SCMP/menuitem.2af62ecb329d3d7733492d9253a0a0a0

The A-share market is collapsing again, like many times before. It takes numerous government policies and "expert" opinions to entice ignorant retail investors into the market but just a few days to send them packing. As greed has the upper hand in Chinese society, the same story repeats itself time and again.