China's Stock Strategists Are Bracing for a Deeper Bear Market
- Valuations still higher than other emerging markets after drop
- About 40 percent of Shanghai stocks are oversold, RSI suggests
China Markets, Oil Prices Intertwined: Maisonneuve
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There will be little let up for investors in China’s beleaguered stock market.
That’s the consensus of strategists interviewed last week as the benchmark Shanghai Composite Index fell into a bear market on waning confidence that the government can manage the country’s transition to a new growth model and to a more freely-traded currency.