Center

Opinions mixed on measures to cool down share market

By Liu Jie (China Daily)
Updated: 2007-06-01 09:40

"They lack skills to foresee the market trends and may suffer great loss once the bubble bursts."

A survey participant pointed out that more and more people are putting money into the stock market even if they have no knowledge about stocks.

"And even some old people use pensions in order to make money quickly without thinking of the risk exists," a respondent worried.

The crowd mentality has taken over and the intense desire for a quick profit and easy money has lured in the mostly ignorant general public.

The immense profits made by a few with finanical tips has only worsened the gap between the rich and the poor.

Some respondents called on the government to apply more general macro-economic measures to help the public benefit from sustainable development and curb fast and short-terms profits.

"The governemnt should take real action to cool down the marekt to warn people that brings them back to their senses," a respondent said.

The central government's cooling-down policies seemed to make some impact, as the market took the second biggest plunge this decade on Wednesday.