I was in China when the country experienced one of the greatest stock market crashes on 24 Aug 2015. I took the opportunity to gather some local feedback. Below are some of the comments.
Government is more concern about property – Mr. M, Businessman.
Mr. M is a businessman from Shanghai at age 50+/-, who also has been investing for decades. He said, “the Chinese government do not really care about stocks, they are more worry about property!”
It's true. According to an article I read, just over 5% of Chinese household wealth is in stocks while 70-80 percent is in property. Having said that, the property market in China does not fare any better, with supply largely exceeding demand.
Mr. M anticipates that Government will intervene when Shanghai index drop to 2500. Latest is 3160 points.
I have confidence in our Government – Mr. D, Manager from ......