Markets in China Fly High Once More

Optimistic financial news from the New York Times:

Fueled by renewed confidence in economic growth in China and perhaps the kind of frenzied buying that took place a few years ago, Chinese stock prices are once again soaring.

The Shanghai composite index rose 52 points Thursday, to close at 3,060.25, putting the index up 68 percent this year.

In Hong Kong, the Hang Seng index fell slightly Thursday after ending its best quarter in 15 years on Tuesday. That index is up about 20 percent for 2009.

Though well off their 2007 highs, Chinese stock markets are again among the world’s best performing this year.

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