Shanghai drops low

A recent survey by the official Shanghai Securities News and Stock Star showed that over 60% of the 25,110 respondents had lost nearly 70% of the money they invested in the Chinese stock market in 2008. Only 6% of the respondents said they had made money in the past year, the China Daily reports. The survey also showed that more than half the respondents said they were "fully" invested in equities while 30% said they had kept on buying in the past several months in the false belief that the market had bottomed out. As financial opportunities in China are more limited than in the West, investments in shares are undertaken by a wider section of society than here.