Chinese Get a Taste of Investing’s Downside
From The Washington Post via The Seattle Times:
When emergency workers found Wang sprawled unconscious after having downed two bags of insecticide, he was still clutching the PDA he had been using to check stock prices.
Like a number of other small investors in China, Wang had bet — and lost — his life savings, about $15,000, on the Chinese stock market. The propaganda office and doctors at the hospital where he was treated said the 36-year-old factory worker had been preparing to get married and that he had hoped to use the money to buy an apartment for his fiancée. Wang’s attempted suicide and those of other investors are a heartbreaking consequence of China’s great experiment in capitalism.