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Chinese Investors Vent Frustration With Stock Market

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Some of China’s 200 million retail investors are expressing frustration online with the country’s failure to prop up the stock market. A rally in Chinese equities that began earlier this year appears to be fizzling out.
Meanwhile, a survey shows Chinese people blaming inequality in the economic system for diminishing their chances at getting rich. The report suggests connections and having a wealthy family are now the top predictors of wealth. Bloomberg's Rebecca Choong Wilkins explains.
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Опубликовано:

13 июл 2024

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Комментарии : 117

@centollero Месяц назад

AI stocks are set to dominate 2024. I prefer NVIDIA because they're well-positioned for long-term growth and support other AI companies. I know someone who made over 200% with NVIDIA. I'll also consider the other recommendations you made.

@buttrflyns Месяц назад

@@centollero I agree. Just because there are opportunities doesn't mean we should dive in without caution. We should look for market analysis or guidance, or seek advice from certified market strategists.

@MyCatAnd Месяц назад

@@buttrflyns Absolutely, having a solid plan is crucial. My portfolio has been well-balanced and recently doubled since early last year. My financial advisor and I are working towards a seven-figure goal, although this might take until Q3 2024.

@GraceKauffman Месяц назад

@@MyCatAnd Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.

@MyCatAnd Месяц назад

@@GraceKauffman I work with BONITA JEANETTE RODRIGUEZ. She's well-regarded even among top financial experts. Just look her up online, you'll be impressed.

@GraceKauffman Месяц назад

Thanks! After looking her up and reviewing her credentials, I'm impressed too. I've scheduled a call with her for advice.

@weixiao8635 Месяц назад

Wow, this video nailed it all... In China, there's an old saying that "one's butt dominates the brain" meaning one's talent/striving is far less important than one's overall position/connection...

@Dr.Kraig_Ren Месяц назад

I heard a guy said few months ago that china will grow soon. And we should invest in it. I'm glad i didn't listen to him

@jpsion Месяц назад

lol. china dont got free market

@NeidlichesSchwert Месяц назад

...or grammar checkers.

@YTS_Boom Месяц назад

What is missing from the image? 2004 1. Ability and talent 2. Higher education 3. Connections 4. Hard work 5. BLOOMBERG WANTS To HIDE 6. Grew up in a rich family 7. Unfair economic system

@Nabrolo 21 день назад

From the original survey, it's named "Better Opportunities". It also had another one at the bottom named "Dishonesty", which mostly was at the bottom of all the years.

@rayne8158 15 часов назад

Yes it is true. Investing is not to get rich but to spend money to support the country. Very different from united states thinking

@VanPelt54u7fcyde57 Месяц назад

I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?

@bleshjjdnit Месяц назад

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

@roberttaylor662 Месяц назад

@@bleshjjdnit A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@masterchinese28 Месяц назад

When the average apartment costs the equivalent of thirty times the average wage and it takes 30% down payment just to get into that apartment, people are understandably frustrated. The average person just cannot afford this. For many in China, the train of opportunity has left the station. You are either on or off that train at this point.

@user-te4eb2nw4w Месяц назад

@@masterchinese28 Chinese save money in real estate. Thai save money in 95 percent purity gold bar. It’s Customer spending behavior. Chinese follows confusionism which embed within it a “herd like” mentality.

@masterchinese28 Месяц назад

@@user-te4eb2nw4w Yes, real estate is by far the most common investment in China. On average, 75% of the typical Chinese person's wealth is in their property. The conundrum right now for the government is that they want for more of their economy to be based on domestic consumption. Yet, at the same time the prices of houses are going down and consumers are not confident to spend. Just like when the government encouraged people to have more babies, the birthrate hardly moved. The herd does not blindly take orders all the time.

@ssuwandi3240 Месяц назад

Not really, on average they own more than one apartment for living. The property gambling has clearly gone bust when the Uniparty let Evergrande collapse.

@vlhc4642 Месяц назад

Everyone has un-affordably housing, the difference is China's actually solving the problem by regulating real estate, e.g. prices just dropped 5% YoY. Remember early 2020 when you thought manufacturers will move out of China because of the lockdown? It's the same with housing in turn demographics, in time you will realize, just like COVID, China's was the only one doing something about it and China is the only country that doesn't have COVID.

@ScotchOnyx Месяц назад

You obviously don't live in China to make that statement and only looking at T1 cities in China. I dont disagree with your numbers entirely about the average apartment costs is 30x average wage. It is certainly true in the 10 largest cities in China. But my question is now, how is this any different from NYC or LA or up north Toronto? I was an expat in the city of QingDao for 2 years. It was cheaper for my employer to purchase an 2bd apartment than to pay a 3 year rent.

@lil----lil Месяц назад

The question remains: Does Winnie Xitler care? Answer: He still has plenty of honey & fish. So, NO.

@steephanroy8461 Месяц назад

He cares for the poor, the downtroden and the plebians.. not some ultra rich tantrums

@jamesz1003 Месяц назад

I'm just here to watch Rebecca

@kennethvenezia4400 Месяц назад

You can call yourself anything you want. The fundamental of the market will not change, and you still will lose your money.

@xiphoid2011 Месяц назад

Besides the housing and debt problem, the other is the stagnation of wages. Being education focused is an Asian trait, but because Chinese economy is so focused on manufacturing and export, there is a huge excess of university graduates compared to white collar jobs. The Chinese millennials and gen Z are facing huge pressure to compete for the limited jobs, driving down wages. Of course that hurts domestic consumption, no surprise there.

@mingyudu469 12 дней назад

Structural unemployment….. Also it is like a social hierarchy thing that people believe university graduates are somehow superior. Housing is really just a few large corporations getting insanely leveraged coupled with some corruption….

@user-ng2rx4qc8o Месяц назад

an american proverb about 3 chinese investors....the first investor builds a factory and is mad because he cant get any clean workers to work for the cheap wages...the second investor is flooding the market with cheap drugs killing and disabling all the workers....the third investor bought up all the apartments next to the river and is complaining about all the bodies floating down the river and nobody is renting the 50 square foot apartments for 4000 a month🙃

@abelharainha7709 17 дней назад

If investing in chinese territory doesn't work, they could to seek ways to invest here in west😕

@thomasmerrill3585 Месяц назад

I am American i want to travel to china for 1 month to see all of china but a free visa on arrival will make me come and spend my hard earned money for 35 years i have been traveling and doing bussiness in Thailand because of 30 day visa on arrival think of all the money i could have spent if china had this 20 years ago i wanted to do bussiness in china but did not like the hassle????

@bakerstreet101 22 дня назад

Where are all the patriotic Chinese when it comes time to support the home team by buying undervalued Chinese stocks? I guess even thousands of wu mao just doesn't buy that much.

@ScotchOnyx Месяц назад

Bloomberg how come you don't cover the same topic for American investors on reddit?

@calvinang1 Месяц назад

I just came back from Hong Kong and China, and it's bustling over there, and its business as usual. Stop with the BS

@BBme Месяц назад

Too much uncertainty in US, Europe, Japan, SK, China. But few Asean especially Thai and SG are seen going steadily up.

@Impozalla Месяц назад

Spend, spend, spend to prop up the country economically.

@Smart_Investing Месяц назад

Never heard of that term til now. The same frustrations are being felt here too in the Americas, these special privileges for the elites aren't new although it's refreshing to see what is the current outlook overseas. Good work Rebecca! Albert (Owner) at Smart Investing

@xxPlaceboxx Месяц назад

annnd its gone

@vlhc4642 Месяц назад

Beijing cares about the real economy, stock market isn't the real economy.

@Global-Netizen Месяц назад

Real economy is fucked, real estate which was the primary investment of every chinese is in drains, that's why now people are trying ways to make from stock market.

@vlhc4642 Месяц назад

@@Global-Netizen Building houses is real economy, but real estate price increase isn't. Not to mention China redirected almost all real estate investment into technology and manufacturing, lo and behold "overcapacity", and 100% tariffs and $100B a month of trade surplus, lol But sure go ahead and try to compete with Chinese industrial power with even higher housing prices, see where it gets you.

@Global-Netizen Месяц назад

@@vlhc4642 Building houses is worthless if people don't buy. Real economy is when people earn and spend, which is now not happening.

@vlhc4642 19 дней назад

@@Global-Netizen What you think everyone in China has a nice house or something? lol. Everyone wants houses, but not everyone can afford houses, that's exactly what China's fixing. See, real economy is the house, real economy isn't the transaction price of the house. Real economy exist when housing prices are low enough that everyone can afford one, real economy isn't boomers sitting on houses counting their fictional value while nobody without one can afford one. You might want to give having a real economy a try.

@louistan7560 Месяц назад

Perpetually talking bad before key events. That's "Boomberg."

@pacanosiu Месяц назад

0:33 there is an appetite 😍🤣😎

@moneybadger0 29 дней назад

Instead of longing, they could've shorted it all if it was always performing badly

@zilun 26 дней назад

Or, just invest in U.S.'s blue chip stocks. Simple.

@manonamission2000 Месяц назад

wow, she works for Bloomberg now?!

@zxrcanada Месяц назад

Who is she?

@TheESLtv 28 дней назад

it's over, isn't it?

@HKim0072 27 дней назад

Chive soup. Stir fry chives. BBQ chives.

@MrMountain707 Месяц назад

Free market communism?

@szkola-inwestowania-walen Месяц назад

So it will go up.

@minerva-265 Месяц назад

GUYS! CLOV STOCK IS THE NEXT 10 BAGGER. WAKE UP!

@tqbrowne Месяц назад

Bloomberg is a bit late to the party here . . .

@stoicismcore Месяц назад

It is the time.

@danielliaw Месяц назад

Woah the Choong lady is talking so sarcastic and give an impression of the whole 1.4 billion people based on a few weibo post... so passionate in her story telling.

@har8397 Месяц назад

She's really annoying

@recursion. Месяц назад

it's all about that what chi?

@nitukumari7452 Месяц назад

XAI28K Won't stop pumping bro, this is nuts...

@SarlaChaudhary-yh2fy Месяц назад

Nice video. Not a criticism, I enjoy your insights. I tend to think prices could go higher if XAI28K rockets. But understand the logic for sandbagging estimates. My opinion is XAI28K breaks 1, perhaps reaches 10 ATH, if conditions are right. But broader forces are at play now. We’re moving into really unknown territory. And these entities are shrewd. I think there’s massive manipulation ahead. If XAI28K survives that, well, we’re likely in for a good pump. But it won’t be smooth sailing getting there. Stay strong...

@jasonhattrich3521 Месяц назад

FOMOFOMO 😂😂😂😂😂

@user-fu2wm3dv4y Месяц назад

We hear you, so how long will XAI28K Pump?

@ashish523 Месяц назад

Thanks for XAI28K And AERO

@fallrain910 Месяц назад

What's the name of the stock I can't find it

@user-wn2li6cq5g Месяц назад

Depends on your finances . 1000$ in XAI28K is 4000 XAI28K if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.

@kwokchernn7541 Месяц назад

Zero sum game. Retailers will always lose money while bankers, hedge funds, investment institutions are the beneficiaries. Latter has insider knowledge and financial muscle.

@Global-Netizen Месяц назад

If it was zero sum game, how s&p 500 has been ever increasing

@Knys Месяц назад

@@Global-Netizen money printing zirp

@grott0 Месяц назад

@@KnysYou have zero idea what you're talking about, but it's pointless to argue. Go ahead and don't invest, see where that takes you.

@Global-Netizen Месяц назад

@@Knys Money printing has to do more with economy than stock market. Economy has been ever increasing, which people may call due to money printing. But nonetheless, whatever it is the reason, markets and economy have been ever increasing, and is thus not a zero sum game