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New ways to make money in China
By Song Jingli and Hao Yan (chinadaily.com.cn)
Updated: 2010-05-14 17:10
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Opinions vary widely over buying property or stocks for best returns
 An investor looks at stock quotes at a securities trading firm in Shanghai. China stocks fell continuously last week, deepening the bear market's losses, on concern the government will increase borrowing costs to curb accelerating inflation and rising property prices, dampening consumer spending. [Kevin Lee / Bloomberg] |
The recent slump in Chinese equities has turned the stock market into an attractive investment option for investors. Pan Weiting says there is no better place to put her money than in stocks.
Pan shelved plans to buy an apartment after real estate prices jumped the most on record and the government banned loans for third homes to cool the economy. Interest on the 400,000 yuan she has in her bank account is being eaten away by rising inflation, and the country's regulations limit her investment choices to property or domestic equities.
"The stock market is the best choice at the moment," said Pan, a 27-year-old Shanghai accountant. "Even the bank staff advised me against depositing more money." [Full Story]