Shares across markets in Shanghai, Shenzhen and Hong Kong soared last week after a string of stimulus measures announced by China's top leaders, hitting their biggest weekly rise in 16 years. Analysts are unsure whether this rally can lead to sustainable recovery in troubled sectors.
The official announcements aimed at propelling the economy forward coincided with the 75th anniversary celebrations of the People's Republic of China, with hopes to encourage consumer spending.
Many retail investors, who dominate the trading activity in China's equity markets, are feeling nervous as their savings have shrunk dramatically during the economic downturn, leading to skepticism about the rally sustaining.
Eric Lin, a casual investor recently laid off, expressed his doubt by saying he lacks faith in the stock market, indicating the persistent issues in both housing and equities that contribute to his pessimism.
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