ABSTRACT
Until several years ago, the term “the futures market” was utterly foreign to the absolute majority of people in China, and even to the majority of people working in the field of economics. In the past two years, however, a “futures frenzy” has swept over the country. The tide has swept along those who intentionally promote it as well as those who are blindly following in its direction. As for what the futures market can really do for us, or what problems it is already presenting to us, there is little consensus in the midst of many contending voices.
