Caixin OnlineOpinionCommentaries Buy In or Buyer Beware?
12.07.2012 15:19

Buy In or Buyer Beware?

Despite the country's strong economic growth, its stock markets perform poorly and will continue to do so while the government sets business agendas
By Junheng Li

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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