After that, he shut down his trading account and started investing in Chinese funds that track stocks in the United States.
Many investors have instead flocked to the exchange-traded funds that track foreign markets and that have been performing much better.
But Chinese investors are experiencing something especially alarming: financial losses in the markets, declining home values and a government that doesn’t want any public discussion of what’s happening.
With their frustrations piling up, Chinese investors recently found a way to vent that wouldn’t be quickly censored.
The giraffe post has been liked nearly one million times since Feb. 2, much more than what the embassy’s Weibo posts usually get.
Persons:
Jacky
Organizations:
Weibo, U.S, Embassy
Locations:
United States, China