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"Fetching water used to be a big headache. We had to travel to a faraway river to get water and even cut holes in the ice in winter. Then the small train sent water right to our doorsteps," said Li Zuopei, an 80-yearold resident of Yingbishan village.

"Expenses cannot be reduced quickly enough and significantly enough to offset the 40 percent reduction in revenue we have experienced," he said in a statement.

"Everyone can get 350 (.6) yuan per day, and we can make about 7,000 yuan by the time we go home. That's much more than I can earn at home."

"Exports already generate 30 percent of our revenue, and we expect it to grow further," Memetniyaz said.

"Deeper cooperation between Asian stock exchanges will also improve crossborder regulatory environment concerning securities, which will obviate cross-market arbitrage and check illegal behaviors, and help Asian exchanges seek cooperation and mutual benefits with US and European exchanges."