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Home 🌿 Marijuana Business News 🌿 How the stock downturn has hit the lives of Chinese investors, not just their wallets 🌿How the stock downturn has hit the lives of Chinese investors, not just their wallets
ONG KONG: Farmers turned village community centers into makeshift trading floors. Young workers quit low-paying jobs to play the market full time. Retirees started investment clubs, counseling one another on stock picks.
China fell under the spell of the stock market over the last year, as millions of factory owners, university students, wheat growers and other investors jumped at a chance to strike it rich.
"When we eat breakfast, we think of the stock market. When we sleep, we see flashing red and green screens," said Elizabeth Xu, 37, a customer service supervisor at an electronics company in Shanghai, who invested $2,500 last fall. "This is our new sport."
But with the market stumbling in recent weeks, investors are now engaged in a national game where the risks are increasingly outweighing the rewards.
That reality has prompted reflection among some traders, and it has touched off a wider debate about...
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