(July 12) Some of China’s retail investors have given themselves a sarcastic new nickname in a show of frustration with the country’s failure to prop up the stock market.
Meanwhile, a survey shows Chinese people blaming inequality in the economic system for diminishing their chances at getting rich. The report suggests connections and having a wealthy family are now the top predictors of wealth.
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News post in July 15, 2024, 12:04 am.
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