I saw some Chinese economic news today:
The loss rate for small retail investors with less than 100,000 RMB is as high as 98%-99%.
The average return for retail investors in the first half of the year was -23.6%, with a median return of -25%.
What does that mean? You can figure it out yourself.
This is why I will always support the US stock market; domestic companies are just there to raise capital, sell off, and harvest leeks—it's basically a casino.
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