In fact, China’s stock market is more like a casino than an amusement-park attraction. Retail investors account for 85% of trades, in contrast to other major markets, where institutional investors – with their relative abundance of information – are the biggest traders.
事实上，中国股市更像是赌场而不是游乐场。散户贡献了85%的交易量，而在其他主要市场，机构投资者——它们拥有相对更充分的信息——才是最大的交易者。