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Your comment makes me wonder how stock ownership is distributed amongst the Chinese population. Are these losses borne mostly by wealthy speculators, or are ret
by galago 11y ago
Your comment makes me wonder how stock ownership is distributed amongst the Chinese population. Are these losses borne mostly by wealthy speculators, or are retirement funds and small investors caught up in this? An index fund is an unsophisticated type of hedge, but it doesn't work very well if there's widespread accounting corruption.