#1 - misleading - "What will happen when the demand from 1 BILLION potential investors shifts to stocks?"
NO WAY! 80% of the one billion people are living in the country side, don't even mention computer/Internet, in most areas, electric supply is still a problem.
Probable only a few percent of the people are investors. China is the MOST strangest country in the world. They have a lot of billionaires/millionaires, also have over 80% of the people make less than $100/month.
Below is the most redicilous thing I heard:
"Now we farmers are well off and speculation on shares is no longer the privilege of the urbanites.”
#2 So misleading here:
"In just the past two decades, the average Chinese income has increased 1,000%." NO WAY! Many are unemployed and many households income have not improved at all especially in the country side. I went back to China three times in the past 5 years, I'll be back to China this summer, I'll post my real thought when I am in China.
#3, This guy is talking about CYD , it is not even a Chinese ADR, CYD is an offshore company owns a big share of the company in China but have no management control at all. In several occasions, the Chinese government threatened to make these their shares in the company worthless.
