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Thread: China hunts fugitive commodities trader

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[quote=MARRIE,307723]"If it were not for the games, we would all hold rallies around the country. But we love the country. We're considerate," said Chen Yunshan, who said she had 500,000 yuan ($73,000) invested with Huaxia. "The government should be considerate of us as well."
As the United States grapples with the subprime credit crisis, China faces its own market meltdown. Its main stock index has fallen 50 percent since October, hurting ordinary investors and making a growing number willing to embrace higher-risk alternatives in an economy with few investment options.
Police said they are "making every effort" to find Huaxia founder Guo Yuanfeng, wanted for unspecified "economic crimes." A police statement said several employees were detained but gave no details. Police spokesmen declined to comment further.
There was no indication why Guo fled or whether any of Huaxia's activities were deemed illegal.
Driven by a boom that is expected to see China's economy grow by at least 9 percent this year, commodities trading grew 142 percent to 35 trillion yuan ($5.1 trillion) in the first half of 2008, compared with the same period last year, according to the China Futures Association.
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