China Rides the Hyper-Growth Tiger

The mainland, hooked on red-hot exports and growth to generate jobs, must also avoid overheating and inflation. Will more rate hikes do the trick?

Well, so much for the great China stock blowout. Since the 9% sell-off in mainland Chinese stocks in early February that reverberated around global equity markets, share prices in Shanghai and Shenzhen have resumed their incredible levitation act in recent trading sessions, bounding from one record high to another.

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