How to Get Chinese to Buy Stocks
The Chinese government wants individual investors to return to the country's long-ailing stock markets, and it's using state-owned media outlets to browbeat them into doing so. According to a Bloomberg News report yesterday, Xinhua news agency has published at least eight articles this week extolling the virtues of Chinese equity investing. Stories have hailed a recent mini-bull market that might signal the end of a three-year period during which Shanghai's Composite Index lost a world-beating $460 billion in valuations.
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