Bloomberg Businessweek

How to Trade a Donkey

• From livestock to flowers, exchanges are popping up everywhere in China. So is speculation

• “Spawned from needs in the real economy”

Chances are, if you can buy it or sell it, China has an exchange for it. The latest example? The China Donkey Exchange. It’s one of more than 1,000 trading venues that now dot Asia’s largest economy, up from 300 in 2011, according to SunSirs, a provider of data and research on Chinese commodity markets.

The country has everything from the national stock exchanges in Shanghai and Shenzhen to small operations

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