North Korean traders returning from China stock up on clothes, secondhand sewing machines and consumer goods.
In fact, Renren has underperformed every single major China internet stock since its debut.
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David Li, CEO and co-founder of Chinese startup YY, and his venture backers are setting out to see if Wall Street investors can still fall for another publicly traded China tech stock.
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Of that, 16% is held in UK stock, compared with 28% in the US. Less than 2% is held in China's stock market, but that may grow.
That would take China's stock of financing to 185% of GDP, up from 124% in 2007.
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The Hangzhou-based mobile applications provider went on to announce several partnerships with large portal companies in China and its stock price increased 400% very quickly.
Still, most billionaires on the list have companies listed on China's stock exchanges (212) rather than U.S. exchanges (211), despite Chinese markets underperforming in recent years.
Meanwhile, after a series of big ups and downs, China's stock market, as measured by the Shanghai Composite Index, is trading right where it was about a decade ago.
China's stock market is one of the world's worst performers in 2012, and government controls have kept property prices in check, making corporate bonds one of the few bright spots for Chinese investors.
Shares of Chinese companies listed on the New York Stock Exchange and the Nasdaq have held up well over the past year, in spite of the fact that the Shanghai Composite Index, which tracks the bigger of China's stock exchanges, has been one of the world's worst-performing markets.
China's major stock exchange in Shanghai is down almost 20% since the beginning of 2011.
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Reports of the incident on Monday triggered a selloff of China railway-related stock.
The Shanghai Composite, China's main stock index, opened down 0.5 per cent after rallying for a 20 per cent gain over the past two months.
But getting close to the ground, and using his fluency in Mandarin and his experience from over a decade of reporting in Greater China, is his stock in trade.
Although analysts argue that there is not enough liquidity in the market to soak up this flood of new shares, it is widely viewed as a step in the right direction for China's immature stock markets.
China also may soon allow QFII license holders to open new yuan-denominated onshore bank accounts, in addition to their sole existing accounts under the QFII program, that are designated for investment in China's nascent stock index futures market, the people said.
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When will the stock price of China solar panel makers stop collapsing?
The stock markets in China and Japan have seen the problem coming.
On the Hong Kong stock exchange, China Railway Construction Corp. closed Monday's trading at 5.31 Hong Kong dollars (68 U.S. cents), down 7.3%.
Overseas investors would like to increase their stock investments in China.
The Washington Post cites Nicholas Lardy, a respected China-watcher at the Peterson Institute, as saying that urban housing stock accounts for 41% of household wealth in China, compared to 26% in the U.S., though mortgage lending is much more restrictive in China.
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The two magic words in the stock market have been China and Internet.
Many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, down between 12% and 17%.
Bonds are also attractive as a safe haven in stock market corrections, and many important global stock markets, including China, Brazil, Hong Kong, and India, topped out in November and have been down 12% to 17% in corrections since.
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As noted, many important global stock markets, including China, Brazil, India and Hong Kong, have been in fairly significant corrections since November, and global markets, including the U.S., tend to move in tandem with each other in both rallies and corrections.
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