Who gets burned when China's stock bubble bursts?
Those retail investors -- think grandma and grandpa -- have benefited greatly as China stocks outperformed their international rivals
(CNN Money) China stocks have ballooned to unbelievable heights this year, generating huge returns for retail investors who have poured their savings into the market.
But with concerns over a bubble growing, those same investors are now in a precarious position.
The market's strength is "just a mirage," said Vincent Chan, managing director of equity research at Credit Suisse. There will be a final trigger that "comes as an accident, which nobody can really foresee ... retail investors, if leveraged, are usually the first group of people ... that lose."
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