# "Over These 18 Years, the Tragic Generation of Chinese Investors"

I have been a firsthand witness to these 18 years!
This clipping from the *Southern Metropolis Daily*,
"Shanghai Index Breaks Through 6000 Points,"
I've also kept it for 18 years!
From 2007 to March 2026, the world's major stock markets have staged a cruel contrast of fire and ice.
In October 2007, the Shanghai Composite Index once surged to a historic peak of 6124 points, yet today it hovers in the range of approximately 3870-3950 points, with a cumulative decline still close to -35% or even deeper.
Except for China, virtually all countries' major indices have recorded astonishing returns: the US Dow Jones soared 210%-220%, Japan's Nikkei 225 surged 280%-300%, India's Sensex skyrocketed 380%-420%, Germany's DAX, Sweden's OMXS30 and other developed markets doubled or more. South Korea, Switzerland, France and most other indices saw gains between 150%-250%.
In simple terms:
Over these 18 years, buying stocks in virtually any major country outside mainland China would basically make money, even multiply wealth several times over.
Only the A-share became the most tragic exception in the world!!!
Over these 18 years, China's stock market not only missed the super bull market that swept the world but also trapped hundreds of millions of ordinary retail investors in a quagmire, losing everything.
Many people thereafter directly equate the four words "stock investment" with "gambling," completely losing faith in the capital market and despair of achieving wealth growth through legitimate channels.
These 18 years have witnessed the frenzied global redistribution of wealth and also reflected the cruelest dream-shattering of a generation of Chinese investors:
Others are celebrating wildly,
We are weeping.
This
is the tragedy of a generation of Chinese investors.