All those millions of small investors or party cadres who went into the market while it was high have been in a shock nevertheless.
Precisely 40 million private buyers caused this mini bubble in the space of 3 months, chiefly with their own savings; This is insignificant, 150 million LOST THEIR LIVELIHOODS in 2008-2009. Did they riot?
Remember there is no safety valve in China in which you can get rid of your hated government in the next election.
Once again, this is insignificant relative to what kind and magnitude of shocks swathes of the populace experience every year. In Shanghai itself the biggest protests have involved a newly opening factory. Tens of thousands of people clashing with police, you maybe heard about it once or twice on the news.
Who's protesting their stock market gamble?
This is a country in which 1 million can force-ably me moved from their homes to make way for new airports. Think about that for a second. The safety valve consists of the ability of the Chinese state to crush dissent without blinking an eye, to arrest 60,000 overnight for using the internet in illegal ways, etc.
You know nothing about the way this country operates, about the risks and consequences of those risks Beijing deals with every day. Pre-2010 the shanghai stock exchange was not even registering on the international markets. What is being 'lost' in the mini bubble burst this month is 1/10th of what was gained in the last couple of years. The inability of western troglodytes to deal with the long-term both past and future is shocking, chiefly the reason I'm rooting for the other team-it is going to win. Why side with a bunch of goldfish.