Millions of professional traders in pyjamas are emerging in China as retirees find ways to kill time. These traders together with shop owners, pensioners and other small traders make up 80 percent of China's investors.

According to the BBC, many retirees have decided to earn a living by eagerly investing their savings in the stock market. These Chinese retirees resort to watching various TV shows to learn how to become rich.

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This all started in 2009 when China had a huge boost in the stock market. Before long, these retirees have desktop computers installed in their homes equipped with the latest software. The most popular software is called Big Wisdom that looks like a Bloomberg investors' terminal complete with charts, numbers, and quotes. 

In this age and time, some have apps installed into their smartphones that let them check their investment with just a few taps of their fingers. With apps like the Big Wisdom stock tracker and educational TV show, making tough financial decisions has become easy.

The easy access to tools for investment has encouraged this post-retirement career.

There are an estimated 90 million individual brokerage accounts in China -- that figure is greater that the entire population in the United Kingdom.

This growth of pyjama traders may have an unpredictable impact on the market as China's economy remains precarious. Since the beginning of the new year, Chinese stock market has continued to slide. The nagging suspicion that the economy is actually worse than previously thought is feared to be slowly becoming true.

However, many experts believe that the performance of the stock market is not a direct reflection of how the economy stands. Unlike in Western countries where institutional and professional investors dominate the market, China's economy is mostly composed of transactions from retailer investors.

In effect, the stock market has less impact on the real economy.

Despite the slowdown, China's economy is slowly picking up as it becomes more consumer-based. People are also showing signs of spending money as proven by the fully-booked restaurants during the New Year. It is expected that China's economy will grow by 6.7 percent this year.

TagsChina stock market, stock market, Chinese Stock Market, Chinese Stocks Plunge