Sharp declines in share prices this week appear unlikely to deter the tens of millions of Chinese who buy in.
Standing before a bank of computer terminals as the Chinese stock markets opened for business on Thursday morning, the trader was blas√© about the slump in stock prices on local exchanges that had triggered a worldwide sell-off two days earlier.
“Stock markets go up and down. I’ve seen falls before,” she says. “Yesterday, I was buying again; I like steel stocks, and iron-ore mining shares.”[Full Text]