Daily commentary about China by TIME correspondents.

Shanghai Stock Exchange: Still Falling After All These Months

Spare a thought for the punters on the Shanghai Stock Exchange. The market was already down by around two thirds for the year when the financial tsunami hit. Now, as other markets are beginning to stabilize or in fact recover some ground, it continues to head for the bottom. Here's a comparison of its performance over the last year with other major Asian bourses. I think a lot of Chinese investors will be hiding their cash under their mattresses for some time after getting burnt this badly. Some reports say that two thirds of China's billionaires have been wiped out by the plunge in the Shanghai Composite.

z2

  • Print
  • Comment
Comments (7)
Post a Comment »
  • 1

    We must focus on the positive and not the negative about. Therefore, we must forget about what it is like after October 8, 2007, and only remember numbers between July 11 2005 and October 8, 2007, when the SSE when up 6 fold. The rest of them are just meaningless smearing of China's good name. We should just use the trend between July 2005 and October 2007, and you should be able to project the SSE index to be at least 20,000 today. And that's all we should focus on.

  • 2

    Dear Sir, if you have to resort to distorting the scale of your graph for exaggerated dramatics, then maybe your story is just not as powerful as you might want it to be. Rather pathetic.

  • 3

    Thomas must have never heard of "log scale"

    Anyway, I found another phrase Chinese can use to justify anything:我给钱嘛!

  • 4

    Comments on this post tells you about the true nature of Chinese:
    http://www.chinasmack.com/stories/little-girl-stands-outside-classroom-window-every-day/

  • 5

    If you analyze the graph, you will notice that it is not based on a logarithmic scale, even though it is made to seem that it is. That is where the deception is. This type of subtle deception is ordinarily not noticed, and seldom frowned upon. I am glad that is has been property pointed out.

  • 6

    After having gone away, counted the pixels on the image and worked out what they ought to be, I can confirm the y-axis on this graph is a perfectly standard logarithmic scale to the very last pixel.

    Anyone who thinks otherwise is well stupid and ought to have studied maths harder.

    William Leyland MA (CANTAB) MSci PhD

  • 7

    This is good. The inefficient will be weeded out, and new implements put in their place to ensure no more repeats.

    China will grow stronger.

Add Your Comment:

You must be logged in to post a comment.
The China Blog Daily E-mail

Get e-mail updates from TIME's The China Blog in your inbox and never miss a day.

Quotes of the Day »

Get & Share
VICKI ESCARRA, head of food-bank network Feeding America, which is logging record donations amid the recession; an estimated 1 in 6 Americans went without enough food at some point in 2008