Some are in it just for the money, others to help buy a meal. Then there are those who trade for fun or to spend time among friends. Millions of investors – pensioners, security guards, high-school students – dominate China's stock markets, conducting about 80 percent of all trades. Retirees gather in brokerage houses dotted around China also to enjoy some company and savour the air conditioning on hot days. Some start as young as 13, trading from home with an eye on future careers in finance. Winning isn't guaranteed. This year, among the most turbulent in China's financial history, its stock markets more than doubled in the six months to May, only to crash amid concerns that growth in the country, which makes everything from cars to steel, is slowing faster than previously thought. (Photo by Aly Song/Reuters)

Students learn how to use an airsoft gun from Taiwanese military instructors at Kaohsiung Municipal Sanmin Senior High School in Kaohsiung on January 11, 2024. Kaohsiung City launched a national defence education program using digital technology for all its high school students. The program also promotes drug prevention in cooperation with the Taiwan defense ministry. (Photo by Yasuyoshi Chiba/AFP Photo)

Students at the Kharkiv Regional Center for Training Citizens for National Resistance undergo tactical training in field conditions in Kharkiv region, Ukraine on November 15, 2025. During these classes, students work in small groups to develop practical skills in tactical and firearms training, mine safety, military topography, and other subjects included in the civilian training program. Students in the state civilian training program include school teachers, municipal employees, community activists, and others. (Photo by Serhii Masin/Anadolu via Getty Images)

South Korean university students prepare for an establishment ceremony of the Reserve Officer Training Corps (ROTC) for female cadets at Sookmyung Women's University on December 10, 2010 in Seoul, South Korea. The South Korean defense ministry has agreed to admit women into it's college-based Reserve Officers' Training Program for the first time since the program began in 1963. (Photo by Chung Sung-Jun/Getty Images)

Lutricia Bock of Germany falls down as she performs during the ladies short program at the ISU European Figure Skating Championship in Bratislava, Slovakia, January 27, 2016. (Photo by David W. Cerny/Reuters)

Martin Lacey Jr. with a lion during the premiere of the Circus Krone program “Circus der Preistraeger” at Circus Krone on February 2, 2016 in Munich, Germany. (Photo by Hannes Magerstaedt/Getty Images)

Kaitlin Hawayek and Jean-Luc Baker perform during the short dance program at the U.S. Figure Skating Championships in Greensboro, N.C., Friday, Jan. 23, 2015. (AP Photo/Chuck Burton)

Victoria Sinitsina and Nikita Katsalapov of Russia perform during Gala exhibition skating program of the ISU European Figure Skating Championships in Graz, Austria, 26 January 2020. (Photo by Tatyana Zenkovich/EPA/EFE)