{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='CHINA: BEIJING: OVER INFLATED SECURITIES MARKET CONTINUES TO PLUNGE' data-url='/boclips/videos/5c54bf7dd8eafeecae1438e8' data-video-url='/boclips/videos/5c54bf7dd8eafeecae1438e8' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nCHINA: BEIJING: OVER INFLATED SECURITIES MARKET CONTINUES TO PLUNGE\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eMandarin/Eng/NatChina's over inflated Securities markets plunged again on Tuesday following the  government's market-cooling measures, with share price indices repeating their 10-per  cent drops of Monday.The market dive was triggered by...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eMandarin/Eng/Nat\u003cbr/\u003eChina's over inflated Securities markets plunged again on Tuesday following the  government's market-cooling measures, with share price indices repeating their 10-per  cent drops of Monday.\u003cbr/\u003eThe market dive was triggered by a 10 percent daily limit on share price movements  announced last Friday, followed by a lengthy government statement warning of a  possible collapse. \u003cbr/\u003eThe price-cap hurt smaller investors, who were left holding shares that hit the trading  ceiling in minutes and became unsalable.\u003cbr/\u003eThe government action came after months of market-inflating speculation, and officials  said the steps were aimed at cutting off the overheating of prices to avoid a steeper  crash later on.\u003cbr/\u003eAs the Chinese Securities Markets dropped another 10 percent Tuesday, the news  failed to spark the same reaction amongst small investors that a similar drop produced  a day earlier.\u003cbr/\u003eThis time the  floors of brokerage houses were thinly populated, reflecting the  disillusionment of small investors. \u003cbr/\u003eThis latest plunge in the markets was not unexpected by shareholders, most of whom  blamed the government for their losses.\u003cbr/\u003eSOUNDBITE/ VOXPOP: (Mandarin)  \u003cbr/\u003e\"The problem is that the government does not like to see ordinary people having their  own ways to make money. When it see this kind of things happening, it feels like doing  something to stop it.\"\u003cbr/\u003eSUPERCAPTION: Small investor\u003cbr/\u003eSOUNDBITE/VOXPOP: (Mandarin)\u003cbr/\u003e\"No, I won't play in the market anymore now that the government is controlling it. It's not  interesting\"\u003cbr/\u003eSUPERCAPTION: Small investor\u003cbr/\u003eThe Share price indices in Shanghai and Shenzhen continued the plunge that began on  Monday, sparking rushes to stockmarket floors by investors desperate to sell their  stock.\u003cbr/\u003eThe number of shareholders in China's stockmarket has doubled this year to 21 million,  with many joining over recent few months as prices soared.\u003cbr/\u003eJustifying the measures, China's Securities Regulatory Commission said the markets  were overheated, a restrained statement considering the recent performance of the  China's two main markets.\u003cbr/\u003eOver the past eight months Shanghai's composite index rose 120 percent, while  Shenzhen's rocketed to 340 percent.\u003cbr/\u003eAnalysing the recent market instability, U-S experts in China say many small investors  were hurt because they were uniformed and rushed in when prices were peaking.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"I think the government is scared of a market that has turned into a bubble and it  wanted to pop this bubble before it got too big. The Xinhua market was up 350 percent  this year and the Shanghai market was up something like 15 percent after two years of  being very dormant. And once the all the taxi drivers and the waitresses are running in  and opening up security accounts you better start worrying about a bubble. The scary  part of this is that once markets start really going up then really uninformed people  jump in while it's already at the top and there the ones who are going to lose, and the  government does not want unrest because of the stock market\".\u003cbr/\u003eSUPER CAPTION: James McGregor, Dow Jones Chief Representative in China\u003cbr/\u003eObservers such as McGregor believe that new structures need to be implemented to  introduce some stability to this young market. \u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"The way to fix it is to allow mutual funds, right now it's individual investors completely  speculating, what they need to do is get this money in through a mutual fund so that  there are responsible fund managers handling the bulk of the money and it makes for a  much more stable market and provides a market that is good for investment not just  speculation. \u003cbr/\u003eSUPER CAPTION: James McGregor, Dow Jones Chief Representative in China\u003cbr/\u003eFor China's sizeable pool of small investors, it's been an expensive lesson in the  vagaries of capitalism.\u003cbr/\u003eBeijing, China, 16/17th December 1996\u003cbr/\u003eBeijing, China - 17th December: \u003cbr/\u003e1. Various shots of mostly empty brokerage house in downtown Beijing\u003cbr/\u003e2. SOUNDBITE: (Mandarin) Vox pop small investor\u003cbr/\u003e3. SOUNDBITE: (Mandarin)  Vox pop another small investor\u003cbr/\u003eBeijing, China - 16th December:\u003cbr/\u003e4. Various shots of crowd at brokerage house watching screens \u003cbr/\u003e5. Mid shot of crowd in brokerage house jostling security guard  \u003cbr/\u003e6. Wide shot of crowd outside brokerage house \u003cbr/\u003eBeijing, China - 17th December: \u003cbr/\u003e7. Set up shot of James McGregor, Dow Jones Chief Representative in China.\u003cbr/\u003e8. SOUNDBITE: James McGregor, Dow Jones Chief Representative in China.\u003cbr/\u003e9. Various shots of McGregor at computer\u003cbr/\u003e10. SOUNDBITE: James McGregor, Dow Jones Chief Representative in China.\u003cbr/\u003e11. Wide shot in brokerage house.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1996\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003emutual funds, china, beijing, money, economy, business, asia, governments, east asia\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' 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