Zhang may be smiling but he looks nervous. His stocks have lost 20,000 yuan (more than £2,000) in two days. “I’ll keep my money in, it will go back up again,” he says. “It has to go back up.” He has invested in a single infrastructure stock, which fell again on Friday as Shanghai’s stock market tumbled by 6% in an hour. At the end of trading at China Minzu Securities, the brokerage in Jing’an neighbourhood, Shanghai, where Zhang comes to trade, there was a sense of resignation rather than panic. The screens at either end of the room are lit up mostly in green, the colour of losses in China, with only a few lines of ... (full story)