China's stock market has exploded by 78% in the last year, and that rapid growth has people debating — is this driven by fundamentals or the sheer force of China's new investors?
We have something of an answer to that from new data collected in the China Household Finance Survey.
The survey broke down the education level of China's new stock holders — 5.8 % of them can't read, and for 60% junior high is the highest level of education they've attained.