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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- How Duterte's Anti-Drug Crackdown Poses Risks to Rule of Law
- Beijing Floats Extension of Debt-to-Equity Plan to Wider Range of Creditors
- Insurance Company Executive Taking Lead at Central Huijin
- State Cement Makers Merge, Form Global Giant
- One-Third of China's Most Wanted Fugitives Seized, Anti-Graft Agency Says
- Banks Step Up Bill Oversight After Major Thefts, Fraud
- Report Highlights Need for Pension Reform to Rescue Poor Provinces
- Reform's Response to the Money Supply Warning
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- China Edges Closer to a Liquidity Trap
- First China Made Bullet Train Makes Maiden Trip
- China to Bring Back Equity Incentives for SOE Employees
- Farewell Medal Mania, Hello Sports Reform
- Dalian Wanda's Property Arm To Delist from Hong Kong in September
- China Behind on Plans to Trim Overcapacity
- Alibaba Rakes in Millions Selling Co-branding Rights to Double 11 Gala
- Can Baseball Finally Hit a Home Run in China?
- Car-Hailing Firms Try New Business Frontiers
- CSRC Suspends Creation of New Structured Funds