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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (48390)	12/29/2005 8:25:57 PM
From: GST	Read Replies (1) \| Respond to of 110194

<Have you looked at the Shanghai index? Why does it suck if things are so freaking rosy?> The Shanghai exchange, like most of the Chinese financial infrastructure, is institutionally immature. This is one of the weakest if not the weakest aspect of China. On the other hand, China is proving itself more than a little adept at accessing global capital - some "hot" but the rate of FDI that has gone into every manner of project is mind boggling -- truly mind boggling. And all this has been accomplished with a savings rate close to 45% of income. I do not offer myself as the world's expert on China even if I am there often and cover north to south and spend time with the people who are actually running the place -- but I laugh loud and hard at people who think they have it figured out when they have never even seen it once with their own eyes -- that is a real hoot.