Aug 25
Rural “share genius” with only 3 years of schooling becomes a millionaire through stockmarket
Written by: dewang | Filed under:economy, General |
11 Comments » newest
In 2007, China had 20+ million new brokerage accounts opened in that one year. Total stock accounts topped 100 million that same year. Also, around 2007, China had roughly 80 million middle class citizens. While this extrapolation is not scientifically based, I would venture to say that the number of Chinese investors in 10 years time will be staggering. My assumption is that the number of Chinese citizens continue to graduate into middle class will be proportional to China’s GDP growth. The number of middle class income earners will likely be equal to number of investors.
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