Stock trading is a major trend among the people of Nanliu, a tiny village in northern China’s Shaanxi province. Lots of locals – even farmers – have preferred trading over their traditional jobs, earning the Nanliu the nickname ‘China’s stock trading village’.
Many of them made big profits this spring, thanks to China’s stock market hitting a seven-year high, and this inspired more from the community to come forward with their money. “It’s a lot easier to make money from stocks than farm work,” said apple farmer Liu Jianguo, who invested $8,000 into the Shanghai Composite.
That’s a huge chunk of his savings, but he was willing to take the risk. “It’s risky, you can earn $16,000 in ten minutes, and lose it all in the next. I’ve made some small profit and gained experience but I still feel anxious when my investments aren’t doing well.”