From The International Herald:
After reaching a four-year low in mid-2005, domestic stock markets in China have had a banner year in 2006, rising more than 50 percent – among the best performers in the world.
Stock markets in Shanghai and Shenzhen are open to local investors and list shares that are mostly denominated in yuan – unlike the more established and international market in Hong Kong. In recent years, the markets have experienced several false dawns in response to government attempts at restructuring, but each time the rallies have petered out, burning investors on the way down. [Full Text]
