China fact of the day

In a recent on-line survey of 200,000 people by official Xinhua News Agency, the poor-performing stock market ranked as the biggest concern [in the country], beating out corruption, the No.2 worry, by a 3-to-1 margin.

That is from The Wall Street Journal, 21 April, p.A1.  In case you are wondering, the Chinese stock exchange is littered with poor performing state-owned enterprises; many bribed their way onto the exchange, thereby linking perceived problems #1 and #2.


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