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Chinanews, Beijing, May 27 – The bullish market not only makes more Chinese people become richer, it also changes many people’s lifestyle and their life attitude in an unprecedented1 way.
In the past, most taxi drivers listened to traffic radio stations. Now, they tune2 in to business radio programs to get market analysis about the stock market. Street hawkers read more financial news in newspapers. Women magazine publishers teach young women how to use their smart brains to buy stocks, just like what they do in following the fashion. A recent survey shows that in ten Chinese cities, more than 40% of the residents have bought stocks. With the bullish performance of the stock market, Chinese public are now more concerned with the development of the macro economy and government’s economic policies, although this is something that the government might not expect. During the stock trading boom, investors3 exchange ideas through various online tools. Housewives use QQ, an online chat tool, to seek advice from financial experts and to make their own comments about the recent economic policies. “Their ideas might be profound or superficial, but who cares. The most important thing is that Chinese people now learn to observe and interpret government economic policies with their own visions, which is an absolutely good thing,” said Wang Liming, a financial media program producer. Wang also became a stockholder recently. “During the stock trading process, investors gradually learn about the national economic development trend and problems that exist in the current economy. At least I have been changed by the stock market performance, ” Wang said. “While stock market has changed investors, it is also changing China's economic structure and social structure,” Wang said.
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