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Article: Watching the bubble in China AROUND THE MARKETS MARKETPLACE by Bloomberg
- Article from:
- International Herald Tribune
- Article date:
- November 5, 2007
- Author:
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Michael R. Sesit Bloomberg News
International Herald Tribune
11-05-2007
Watching the bubble in China AROUND THE MARKETS MARKETPLACE by Bloomberg
Byline: Michael R. Sesit Bloomberg News
Edition: 4
Section: FINANCE/BUSINESS
PARIS --
Blowing bubbles is fun, until you have to scrape the chewing gum off your face.
For more than a year, investors in Chinese stocks have been wondering when that day will come. Inflation, economic growth and historical equity valuations would suggest that the skeptics have longer to wait than they think, even if all bubbles burst eventually.
Last week, Alan Greenspan, former chairman of the Federal Reserve, called the Chinese stock market a speculative bubble that ...
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