China has more than 1000 trading venues
Including ... The China Donkey Exchange (I hope this isn't fake news or I'll feel like an ... ass :-D )
- The marketplace, based in a rural part of Shandong province, handles transactions over the telephone. A farmer can call to say he wants to sell a group of donkeys, and the exchange will send a so-called runner-it employs more than 100-to confirm the animals exist and meet quality standards. It will help find a price both seller and buyer agree on and arrange shipping after a deal is struck.
- More than 370 million yuan's worth of donkeys have changed hands on the exchange since it opened.
There is also an orchid exchange (stop it ... orchids, not tulips, right?)
Here is the Bloomberg article for more on the Donkey Exchange!
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I can't wait until those tinfoil hat blogs start taking about the Donkey Bubble
