Is Chinese stocks rally justified?
In China the equity markets continue their unprecedented rally, as the Shanghai Composite pushes toward 4500 points. In just eight months the index is up 102%. Share turnover is also hitting records with some $250 billion per day when combining the Shanghai and Shenzhen exchanges. This sudden rally has also pushed China's stock market valuations significantly above other global and emerging markets averages. So is this frenzy in the Chinese stock market justified? At least some of it is. What happens is that the rally is a bet on further stimulus and the People's Bank of China is the most "in-play" central bank at this point. To read more visit: (VIEW LINK)
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