In May alone, more than 12m equity trading accounts opened in China — a figure somewhat higher than the population of Greece. No wonder: a year of gains had helped the Chinese stock market put on $6.5tn in value. Since mid-June $2tn have disappeared. China may be experiencing an equity bubble only ever exceeded during the late 1990s US dotcom boom.
僅在今年5月一個月,中國新開股票交易賬戶就超過了1200萬——這一數字甚至略高於希臘人口總數。這並不奇怪:持續一年的上漲讓中國股市市值增加了6.5兆美元。自6月中旬以來,2兆美元市值已經灰飛煙滅。可能只有上世紀90年代末美國網路熱潮期間的股市泡沫,比中國正在經歷的股市泡沫嚴重。
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