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DocBones

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DocBones

Re: DewDiligence post# 193324

Sunday, 07/12/2015 9:17:20 PM

Sunday, July 12, 2015 9:17:20 PM

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“In China, the regulators aren’t neutral,” said Chen Zhiwu, a professor of finance at Yale University and an expert on China’s financial system. “The government’s stated intention this time was that they wanted to use the stock market boom to fuel innovation and start-ups. This isn’t how a market is supposed to work.”

http://www.nytimes.com/2015/07/13/business/dealbook/chinas-incendiary-market-is-fanned-by-borrowers-and-manipulation.html
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