By some industry estimates, as many as 10,000 people in China are doing speculative day trading of American stocks â mostly aggressive young men working the wee hours here, from 9:30 p.m. to 4 a.m., each often trading tens of thousands of shares a day.
10K with 1K each is only 10M. Not big money. Even if 10K each it is only 100M. The journalist did not think things out, which is not surprising if the person is a journalist unless the journalist is a chinese who wanted to have something about china appear in new york times.
Chinese are known for boasting. They are not alone though. South Koreans made too much noise about doing the exercises, but ultimately they silenced themselves.
