Chinese Investors Fear Burst of Stock Bubble – Wieland Wagner

From Spiegel Online:

Chinese Premier Wen Jiabao, 64, likes to come across as being concerned about harmony in the People’s Republic. Wherever the flipside of the country’s economic boom causes dissatisfaction, the friendly communist leader hurries to the scene and comforts those who have lost out. He embraces the urban poor, listens to the concerns of farmers and consoles customers in supermarkets when the price of pork rises too quickly.

The premier could just as well demonstrate his concern for the people’s woes by paying a visit to China’s shareholders at one of the country’s more than 3,000 stock markets. They have become scenes of sheer outrage — and anger directed against the state. Millions of Chinese small investors are worried about their savings, now that Beijing has taken steps to cool down a fever that has gripped the country. [Full Text]

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