Word: xuesong
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...really blame chen Xuesong for plowing his life savings into the stock market. It was the late 1990s, and Beijing was breathlessly exhorting mainlanders to buy shares as a way of boosting the economy and their own wealth. In 1999, the People's Daily cheerily declared that stocks would bring "happiness and hope" to the masses, and investors like Chen believed the hype. The 72-year-old retiree from Kunming in Yunnan province dropped $40,000 into stocks, surrounded himself with how-to books on beating the market and rigged up a computer in his bedroom so that he could...
...Shang Fulin will have to choose. Will he push ahead with stock-market reforms that might drive down prices, or will he delay these reforms even though they are urgently needed to protect investors? Back in Kunming, Chen Xuesong hasn't yet abandoned that fraying notion of the market as a road to happiness and hope. For now, he's letting his bets ride. "At least maybe I'll make back some of what I've lost...