At the time of the crash, 9% of Chinese households – some report the figure as high as 200 million people – had bought into the booming market. They promised a much higher rate of return than traditional low-interest bank savings accounts, which have paltry annual yields of barely 2%. With markets rising in straight lines on graphs plotting their progress – the Shanghai exchange had shot up some 135%, and the Shenzhen exchange had gone even higher at 150% in less than a year – stocks had begun to seem like a sure bet for Chinese investors with fevered dreams of quick wealth. This disparity suggested Chinese investors were bidding up prices well beyond any reasonable approximation of their value.) In fact, drawn by the casino-like profits to be made in the boom, more and more small investors flocked to the thousands of brokerage houses that are now proliferating in every Chinese city in order to buy and sell while staring up at flickering electronic data boards charting the rise and fall of equity prices. (Another reason to worry might have been the disparity in prices between so-called “A-shares”, which can only be purchased by investors inside China to keep the domestic market shielded from outside foreign manipulation, and stakes in the same companies available to foreign investors through the Hong Kong exchange, known as “H-Shares”. The fact that Chinese stocks were climbing ever higher while the Chinese economy was cooling should have been an unmistakable warning of a bubble, but it caused surprisingly little concern. According to one widely cited survey of these new investors, 67% of them have less than a high-school education. ![]() Shares of newly listed companies soared thousands of percentage points within months of their initial public offerings, driven upward by a new and growing cadre of relatively unsophisticated private investors that included tens of millions of ordinary workers, farmers, housewives and pensioners. By this spring, the stock markets in Shanghai, with 831 listed companies, and Shenzhen, with 1,700, boasted a combined market capitalisation of $9.5tn, which made them – along with the much older Hong Kong exchange – the second-largest financial market in the world.Īfter languishing for the past four years, these two Chinese stock markets suddenly took off last summer, becoming a cauldron of voracious buying, selling and spectacular profit-taking. The rapidly inflating bubble that had driven share prices to dizzying heights had suddenly burst. It enables you to restore data from Mac, hard drive, flash drive, memory card, and digital camera.O ver the past few weeks, punters in China underwent a near-death experience when their country’s two stock exchanges entered freefall. Mac Data Recovery is specially designed to recover various deleted/lost Mac files like images, documents, emails, audio, videos and more. You can rely on the powerful Mac Data Recovery to get all lost files back if you are facing the data loss situation. While some wrong operations will easily cause important data loss during the fixing process. When MacBook is dead, you will try many solutions to fix it. How to Recover Data Caused by Crashed MacBook ![]() New Mac OS will always fix some bugs in the earlier version. You can also upgrade the Mac OS if there is an available one. If your MacBook often crash and you don’t want to reboot it all the time, you can try re-installing the Mac OS to fix the issue. Reinstall or upgrade Mac OS to avoid MacBook crash ![]() To avoid this situation, you can add more system memory. Sometimes, insufficient system RAM will easily cause your MacBook Pro/Air stuck or crash. Install more system memory to fix a crashed MacBook
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