Talking Investors Down From China High

Beijing officials have issued stern warnings and domestic stock markets could be in for a nasty correction. Will Chinese investors listen?

Chinese financial authorities have stated as bluntly as possible in recent days that the mainland's hyperactive stock markets are clearly in Alice in Wonderland territory when it comes to valuations and sustainability. And sure enough, some sort of pause, or possibly the beginning of a much-needed correction, may be under way.

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