Word: beijingers
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Although he's 63 years old, Beijing retiree Du Shuzhan is not afraid to try new things. He has just discovered the stock market. A few weeks ago, Du deposited $1,500 in his first share-trading account, and on a recent January afternoon, visited his local broker to buy...
Plenty of stock analysts and fund managers disagree, arguing that prices are simply keeping pace with China's remarkable economic rise. The country's GDP grew 10.7% last year, the highest rate since 1995. But the bulls are increasingly being drowned out by those who see the kind of reckless...
Beijing may have good reason to apply the brakes. In frothy markets, investors tend to form unrealistic expectations about companies' prospects because they buy into an ill-founded theme, whether it be consumer demand for tulip bulbs or, in this case, the notion that China's economic growth is boundless...
That's what China's new investors think, too. Punters gathered to swap stocks and stories at the Beijing branch office of the China Galaxy Securities brokerage house on Jan. 29 certainly weren't letting a small drop in the market that day dampen their spirits. "I guess the fluctuation...
Although he is 63 years old, Beijing retiree Du Shuzhan is not afraid to try something new. He has just discovered the stock market. A few weeks ago, he deposited $1,500 in his first share-trading account, and on a January afternoon he visited a local broker to buy...