From the New York Times (link)
After sinking to an eight-year low last year and being declared all but dead by seasoned market watchers, the Chinese stock market has recently soared to a level more than 50 percent higher than a year ago.
The powerful rally is the longest sustained rise in share prices here in more than five years, and it is offering a glimmer of hope to investors who were crushed by a long-standing bear market that somehow existed in the midst of the world’s fastest-growing economy.
Market analysts say share prices in China are being swept up with other Asian financial markets because of huge inflows of cash into the region. Moreover, Asia’s huge trade surpluses with the West are believed to be flooding into financial markets here.
