China - Man loses money in stock market and jumps into steel furnace

[jamahir]

South China Morning Post, what kind of Chinese media not a single post in favour of China. Indian and their Srivastava group propaganda fake stories factory. Grow up and stop spreading your fake newj.

1. You are accusing me of all members of peddling fake news. I am neither a regular Hindutvadi nor an Indian hypernationalist.

2. Here is an article by Global Times about the same incident but the article hides the reason of suicide.

As usual, Indians have a habit of talking from their behinds.

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India has the highest suicide rate in South-East Asia: WHO

Dear sir, of all the Indian members on this forum I am the first to speak of suicides in India. For example, dozens of times I have mentioned the 300,000+ suicides by Indian farmers just between 1995 and 2015.

Now kindly respond to the OP in this thread.

 

[Team Blue]

Does China not have any kind of bankruptcy? If you screw up your money bad enough you're just screwed forever?

 

[RealNapster]

About courage, some years ago there was one Indian young man who committed suicide by inhaling some gas. This after he did some deep internet research on ways to commit suicide.

If he could have put this much effort in ways to be happy.

 

[jamahir]

@Goenitz, sorry didn't tag you for the OP.

 

[Cookie Monster]

Would these two suicides have happened if China was a real communist society where the traditional money system has been abolished ?

Money...though an artificial construct humans created is going nowhere anytime soon...no matter what the system(monarchy, democracy, communism, etc). It goes as far back as the stone age in the form of barter trading. Money is just the "neutral medium" that literally allows for this barter trade.

In any case...I'm not here to debate u on these topics...bcuz this isn't the proper place for it. I'm not gonna use some man's misery as the platform for it. This behavior is the same as when NRA(National Rifle Association) here in US...uses a shooting(and ppl's death) to put out their message that "if there were more guns...a good guy with a gun would have stopped a bad guy with a gun".

I'm not saying that u r not entitled to ur opinions and beliefs. We may even agree in some parts...but do not use a tragedy as ur platform. Just imagine what must have gone through his head(his anguish) that after hesitating...and knowing full well the horror of jumping in molten steel...he still went through with it.

 

[Skull and Bones]

Nonsense. You can install all kind of safety features but this man seeking death will get himself killed no matter what kind of precaution you can implement unless u lock him up on bed.

By safety nets, I meant the risk one should take while investing.

 

[penlei00]

I lost 200,000 yuan when I bought stocks

 

[Chhatrapati]

RIP.

What a horrible way to go out. You die and you let your family suffer.

 

[52051]

According to the news, he lost about US$10,000 in a day in the stock market, just for reference, as a steel worker, he make about US$15,000 in a year.

The reason why he lose so much money is because he want to get rich quickly, being 34 and single maybe one of the reason why he want to get rich quickly, and maybe one of the reason why he commit suicide, its almost for certain he get some mental illness like depression.

As for investing in stock market, as a seasoned investor, I must say, well it is really not the way to get quick rich, it probably take more effects/hard work to make money in stock market in a statistically meaningful way than most of the elsewhere, it is just look like the bar is so low since it seems that all you need to do is to register an account, but it is just a trap, just rule of thumb for beginners, never bet with money that more than you could afford to lose.

 

[Juggernaut_Flat_Plane_V8]

Maybe he must have taken loans from some goons or some private rogue finance agencies.,... Such ppl won't leave you just because you declare bankruptcy.... Or some time maybe out of pure shame of failure infront of family and relatives.... Many reasons can be behind....

shame of failure in front of family is too high in all of Asia..regardless of which racial background

 

[CAPRICORN-88]

Is there any difference between jumping from a high building or into a furnace?

Desperate people do desperate things at desperate time e.g. In India farmers drank fertilizers to commit suicide to escape the loan sharks.

Maybe now many people will begin to dig into history to understand how the Communist Party of China came into existence and why it is supported by 96.6% of the people of China today.

Or why China Security Regulator is filling up all its loopholes in its stock exchanges.

Many thanks to whistleblower Jack Ma. But nobody will see it that way.

 

[Thorough Pro]

They don't purchase the courage to die, they lose the courage to live.

What a horrific way of dying.... People from all over the world who commits suicide I always wonder from where they purchase the courage....

 

[dbc]

Many thanks to whistleblower Jack Ma. But nobody will see it that way.

Jack Ma wanted less regulation not more. People are using AliPay Jiebei easy loan at 40% interest to play the stock market. The best part is the money he was lending wasn't even his but belonged to State Banks. How he survived so long to leech a broken poorly regulated financial system will one day be made into a movie - The Wolf of Shanghai

It will be hard to find someone with a big enough head to play Mr Ma.

 

[CAPRICORN-88]

That is what the troll are thinking.

Too young, too simple and too naive.

 

[Viva_Viet]

Sad story, but if CN is really "rich" like those CNese here brag, then he may got help from the Govt to save his life.