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Originally Posted by yys
Please, something like 800 million Chinese who don't live in the coastal regions are dirt poor. They are one crisis away from food riots and their stock market is a big ole bubble waiting to burst.
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Oh dear....
There are poor people, no doubt, - there is also a very strong and highly educated workforce and, especially in younger people - they are keen to learn.
Don't worry too much about the stock market - they are fine
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The relentless increase in stock prices in both Shanghai and Shenzhen ? the former has tripled in value in just the last 18 months ? has triggered a stampede of companies in China to offer their shares to a public that has a ravenous appetite for them. Astonishingly, according to a forecast just out from Price Waterhouse Coopers, a global consulting firm, the two main equity markets in China will raise $52 billion in capital this year in initial public offerings (IPOS), more than double the amount forecast at the start of the year. That makes it likely that China will raise more money in IPOs in 2007 than every other major market in the world did in 2006.
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