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The Chinese stock market goes pop

Woe is someone (but not us)! The Chinese stock market fell by 6.5% on May 30 as the government tripled the transaction stamp taxes to 0.3 percent. But not to worry, all of this is just supposed to be a temporary damper at best. Although we don't know much about stocks, we are veritable experts on the shitty pop music that rapes our ears daily around here. The song 死了都要爱 (si le dou yao ai or "I'll love even if I die" or "I'll love even if I have to die," or some variation on that theme of love and death) has now been spoofed into 死了都不卖 (si le dou bu mai meaning "I won't sell even if I die"), the lyrics changed to reflect the attitudes of the die-hard Chinese day trader hellbent on holding onto his stocks until the big payoff comes.

The lyrics were written by a Shanghai man named Gong Kaijie (龚凯杰), who's been playing the stock market for ten years and knows of what he writes. And although he was the one that provided the initial spark of creativity that made this happen, it is the singer of the song, 24 year-old Shanghai native Wang Bei (王蓓) that lent her voice to the words. Wang once wanted to be a star, but was weeded out of the pop-star manufacturing assembly line TV shows such as Super Voice Girls (超级女声). It looks like she might still have her chance.

You can download an .mp3 or .wma version of the song here,
or just watch the video versions above. The videos, so far as we know, were not made by Wang or Gong: they were just the inspiration.

Contact the author of this article or email tips@shanghaiist.com with further questions, comments or tips.
By Peijin Chen in , on May 31, 2007 7:20 AM

Comments [rss]

  • nanheyangrouchuan

    High rollers in the chinese stock market have access to the same tools available in the US, UK, HK, Tokyo, Singapore, Germany, etc.



    They can spot various mathematical aberations that can signal a bursting bubble, and of course all you really need to pop a stock market bubble is something like a domestic company's or state owned bank's REAL balance sheet getting out.



    Then again, Wal-mart has cancelled its orders from Chian for 4th quarter 2007 and all of 2008 because they are in trouble. The paper tariff has started and Congress has a big bipartisan 30% blanket tariff for China ready to go.



    Pop pop goes the weasel, 'cause the weasel goes POP!

  • African Dave

    Yes, if there were a coordinated effort not to sell, then it would not go down, but eventually, someone is going to see the writing on the wall and that he must sell or lose. Then the avalanche effect takes over.



    "Insiders?!?!" as in anyone who has eyes and ears???? It's been so obvious that this market will do down, that there is no surprise here whatsoever. What guides Chinese buyers? Probably inexperience in a lot of cases.



    As Mark Mobius recently remarked, it would be a healthy thing for China's market if it dropped by 30%.

  • zoe

    si le dou yao ai:死了都要爱

  • Alec

    Just curious, but if everyone refuses to sell how does a bubble pop?

  • nanheyangrouchuan

    The sellers were mostly insiders who knew this was coming and had "sell" or "stop loss" orders ready for the opening bell. The rank and file still hold dearly for life onto their stocks and continue plowing their lives into more shares.



    Either the rank and file have never been taught about curve inversions or ignored it "western cowardice".



    Into the breach once more!

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