“The precipitous plunge in Chinese stocks, and Beijing’s struggle to halt the fall, has sent waves of panic through the country’s 90 million-plus retail investors, who say their life-savings are ‘falling into an abyss.’  At a Citic Securities brokerage in Beijing on Wednesday, the trading hall was packed was packed with retail investors, many of them pensioners, lamenting the loss of the money in the stock market. One investor was watching the big screen between his fingers as if at a horror flick.  The mood was fearful, panicked and sometimes hostile, as investors waited to see whether the latest moves by Chinese authorities to prop up the stock market would do any good.”

http://www.cnbc.com/id/102816517

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