|Chinese Stock Markets Soar Higher|
|by Tom McGregor||Tue, Jan 8, 2013, 02:04 AM|
BEIJING: The stock market is cyclical and stocks are not expected to shoot straight up daily. If so, publicly-traded shares would spark so high that values would reach unaffordable levels. That’s actually why buying and selling shares can be more risky than purchasing property, but good stock picks can create wealth faster than through the real estate market.
Some could compare stock market investing similar to gambling. If you buy shares at a good price, you could make money on the same day if you sell at a higher price. In the United States, many people have accumulated substantial wealth through such investment methods.
As China has risen to greater prosperity, more Chinese are discovering the excitement, along with the joys and sorrows of buying and selling shares on the Shanghai and Shenzhen stock exchanges.
For many Chinese investors, gloom seemed to prevail for much of 2012. The Shanghai Composite Index had dropped to four-year lows in early December. However, the SSE appears to have hit rock bottom and showing signs of a dramatic rebound.
Even the international business media is catching on, and that’s an accomplishment in itself. Reliable business reporters tend to be skeptics, since they don’t want to be accused of painting rosy pictures of companies, which could make them look like public relations representatives for the companies they profile.
To read the entire article from SINA English News, link here:
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