Stocks Turmoil Leaves Chinese Investors in Nowhere-to-Run Bind
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Wei Lili is running out of investment options. Apartment prices in her city of Wuhan are beyond her reach even after a recent property slump, and the volatile stock market is too great a risk.
“It takes more than a million yuan to buy a flat, and stocks are like a roller coaster -- they are too soul-wrenching for me,” said Wei, 52, a government worker in the central Chinese city. She’s lost almost half of a 30,000 yuan ($4,800) investment in stocks, she said, declining to elaborate.