china: news and opinion

Rural “share genius” with only 3 years of schooling becomes a millionare through stockmarket

In 2007, China had 20+ million new brokerage accounts opened in that one year. Total stock accounts topped 100 million that same year. Also, around 2007, China had roughly 80 million middle class citizens. While this extrapolation is not scientifica... ...full story at Blogging For China

from Blogging For China on Tue, Aug 25 2009

see also:


18 Feb 09		Wang is looking for a job » YouTube videoAs result of the economic crisis China has almost 5% unemployed workers today. Since the start of the economic reform, only 1980 was worse. About 20 million workers are jobless, and this year almost 7 million college students will graduate from...
18 Jun 07		Middle class hits 80 million » Shanghai Daily THE number of Chinese people officially described as "middle class" has risen by almost 15 million in the last two years to 80 million, according to official sources.
15 Nov 08		Massive state funding for culture projects » Shanghai Daily CHINA will invest 800 million yuan (US$117 million) this year improving cultural facilities in rural areas where some 800 million people live. In addition to 200 million yuan allocated earlier this year, the investment,...
29 Feb 08		China cut the population of rural residents living in poverty by 13.78 million in 2007 » People's Daily China cut the population of rural residents living in poverty by 13.78 million in 2007. Last year, the rate of poverty reduction was the fastest since the "Outline for Poverty Alleviation and Development of China's Rural Areas (2001-2010)" ...
15 Jan 08		China maintains clean aviation record in 2007 » People's Daily China's civil aviation industry achieved a clean sheet in safety last year and notched up 3.7 million hours of flight, both cargo and passenger, a 15.4 percent year-on-year increase. In 2007, 1.76 million flights were registered, a ...
16 Oct 08		Number of new stock accounts up in Sept. » People's Daily About 861,500 new stock accounts were opened last month, reversing a five-month slide, according to the China Securities Depository and Clearing Corporation on Thursday. That was up 15 percent or 160,000 new accounts from the figure in August, the...

« Today's Stories