Chinese stock markets are reeling from instability. “Circuit breakers” halted trading activity after steep losses, angering investors and embarrassing government regulators. Jilted traders played cards in public trading halls while anxiety swirled in global markets. In a country where the two major stock exchanges are less than 30 years old, volatility is no surprise. However, it raises deeper concerns about the mobility of China’s middle class investors and their role in the country’s longer-term development.
http://thediplomat.com/2016/02/chinas-struggling-middle-class-deserves-better/
“China’s Struggling Middle Class Deserves Better.” The Diplomat, 5 Feb 2016, with Asit K. Biswas.
NUS news page:
http://lkyspp.nus.edu.sg/news/chinas-struggling-middle-class-deserves-better-2/