'It Will Be Clear for China's Stock Market after Rain Storm': Economist

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Last updated at: (Beijing Time) Monday, March 04, 2002

'It Will Be Clear for China's Stock Market after Rain Storm': Economist

China's stock market enjoys bright prospects and "it will be clear for the stock market after a rain storm," Xiao Zhuoji, a renowned economist, said.

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China's stock market enjoys bright prospects and "it will be clear for the stock market after a rain storm," Xiao Zhuoji, a renowned economist, said.

Xiao, a member of the National Committee of the Chinese People's Political Consultative Conference, said that most listed Chinese companies are efficient, with money-losing enterprises accounting for only ten percent of the total.

China currently has over seven trillion yuan in non-governmental capital, which serves as a potential gigantic funding support to the stock market, he noted.

Xiao, who is now attending the annual CPPCC session here, was still optimistic about the stock market, which had suffered plunges continuously.

He told shareholders: "The stock market has fluctuations, investment involves risks, investors should be cautious in selecting stocks and stock-holders should be patient in holding shares."

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