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Article: Media Becoming Investment Advisors for Shanghai's Citizens
- Article from:
- Xinhua News Agency
- Article date:
- July 11, 1996
CopyrightCopyright 1996 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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The press in China's leading financial center and biggest
industrial city have turned out to be sound investment advisors for
the citizens of Shanghai.
With the increase in individual incomes, the city's residents have
begun to take an interest in 'investing', something that has become a
household word in the city.
Statistics showed that the stock market attracted some 7 million
Shanghai citizens by the end of last year, and Shanghai Securities,
China's first securities newspaper, is one of the most widely read in
the city.
Even local newspapers, such as The Liberation Daily and Xinmin
Evening News are carrying daily stock quotations, while local
television stations feature financial and ...