The Chinese stock market was crushed yesterday, down 5% after the Chinese govt. warned investors that only one third of the companies in that country currently meet US investment standards.
China stock market bubble seen developing - legislator 01/31/07 BEIJING (XFN-ASIA) - The Chinese stock market is developing into a "bubble" and investors may be behaving irrationally, a leading Chinese legislator told the Financial Times.
Cheng Siwei, vice-chairman of the National People's Congress, warned the mainland stock market, "There is a bubble going on. Investors should be concerned about the risks," Cheng said in an interview with the Financial Times.
My observations are forecasts, not predictions. Your weather may vary.
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