Ｊｏｙｓ　ａｎｄ　Ｓｏｒｒｏｗｓｉｎ　Ｃｈｉｎａ’ｓ　Ｓｔｏｃｋ　Ｍａｒｋｅｔ

Ｊｉ　　Ｙａｎｇ

In the past 18 months, China's stockmarket staged a soul-stirring andexciting drama. The ups and downsof the index seemed to be the onlyimportant number in people's life. Froman eight-year low of 998.22 points in mid2005, China's stock market has been on abullish run to the point where the bench-mark Shanghai Composite Index at onepoint topped the 6,000 point barrier.After peaking at 6,092.06 points onOctober 16th, 2007, it seems China'sstock market has passed a crossroad andhas since been on a downward trend.