6 ms·

I would never invest my money in China or any chinese-owned company. Corruption,shady accounting practices,etc. Justice Department probing Chinese accounting h

• rajpaul 15y ago
  I have a co-worker who's from mainland China. He tells me that many Chinese feel that the stock market is immature, corrupt, and rigged to work against the "average joe". The perception seems to be that unless you know someone and can get inside information, you can't make money. Instead, average people put their money into real-estate (1) or put it to work in private lending (2). And then there are the pig farmers who speculate in base metals (3). My coworker didn't mention them though. 1: http://blogs.ft.com/beyond-brics/2011/02/03/chinese-property-bubble-a-myth/ http://blogs.ft.com/beyond-brics/2011/02/03/chinese-property... 2: http://www.reuters.com/article/2011/09/29/china-economy-runaway-bosses-idUSL3E7KS1B120110929 http://www.reuters.com/article/2011/09/29/china-economy-runa... 3:http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1B_ZBQfii8Q http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a...