Only 9% of Chinese own Stocks: But, 54% of Americans do

China can afford for it's stock market to crash because 72% of Chinese Savings are in the bank. This is not true in the U.S. where the stock market crash of 2009 (down to around 6900) helped wipe out the middle class here in the U.S. in various ways. Though some of us could afford to "Wait out the market and stand pat", most middle class people with mortgages could not do that. So, they lost their investments and their homes and this wiped out the middle class in various ways starting in 2009 when the market crashed wiping out 2/3 of people's value of their portfolios nationwide. So, only the richest of people could afford to leave their money in and stand pat and ride it up into the 20,000 plus ranges we are in now. And that was only 10 years ago now.

And unfortunately its still that way because the market has stayed somewhat risky in that if you cannot live without your investment in the stock market maybe you shouldn't be investing in the stock market unless you can afford 5 to 10 years to wait out bad stages in the market until it recovers.

So, in regard to fighting a stock market war with China, the U.S. and it's people can only lose this war. Trump is rich (a billionaire) so he doesn't think this way. So, what he's doing regarding the "Trade War" could wipe out not only the middle Class in the U.S. but also the upper middle Class too.