Buy In or Buyer Beware?
Here is a paradox: America's economy founders and its markets take off, while China's economy booms and its markets fizzle.
Chinese official GDP resumed its high-growth trajectory after the 2008 stimulus, hitting 9.2 percent, 10.4 percent, and 9.2 percent in 2009, 2010 and 2011. But stack S&P 500 performance against that of China's stock indices – especially the onshore ones (Shanghai A and Shenzhen A) – and the picture changes dramatically.
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- Audi Scraps Plans for New China Dealer Network
- Regions Found to Have 'Critical' Heavy Metal Emissions Now Clean Up Act
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- China Adds 10% Consumption Tax for Superluxury Cars
- News Calendar, December 5-11
- Caixin's Manufacturing Indicator Dips to 50.9 in November
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- China Eyes Yuan Outflows in Battle Against Sinking Currency
- China Tries to Rein In 'Barbarian Growth' of Shadow Banking
- Chinese Regulators Fail to Recognize Extent of Bad Bank Loans, Survey Shows
- New 'Two-Child Policy' Driving Mini Baby Boom in China
- Beijing's Push to Curb Population Growth Hits Snag
- More Expatriates Get OK to Open 'Free-Trade Accounts'
- Beijing Proposes New Rules on Derivatives
- Northern Intercity Rail Network Gets Planners' Go-Ahead
- Shanghai, Tianjin Tighten Home-Purchase Rules
- Central Bank's Move to Push Single-Logo Cards Boosts UnionPay