When Predicting China Stocks There’s Only Wrong and Very Wrong
What Is Behind the Optimism in Chinese Stocks?
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Only in China can you predict the world’s biggest stock-market rally and still come out looking like a pessimist.
A year ago, analysts who cover the 50 largest companies trading in Shanghai and Shenzhen said equities were set to rally 28 percent. Turns out they weren’t anywhere near optimistic enough, as monetary easing and a buying frenzy among Chinese retail investors sent shares surging 111 percent through last week.