Rescue efforts trigger unhealthy market expectations
By Bloomberg | China Daily | Updated: 2015-07-15 08:11
Lu Tao can't sleep. He gets bouts of panic at night. And he is too afraid to tell his parents why.
The 23-year-old university student from Hangzhou, Zhejiang province in eastern China, has a stock-market problem.
He borrowed 200,000 yuan ($32,200) from his parents, piled the money into mainland shares without their permission, and got caught in the biggest sell-off in two decades.
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