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The China Story Darkens
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The China Story Darkens

Philip Bowring's avatar
Philip Bowring
May 30, 2011
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The China Story Darkens
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Portfolio investors‘ illusions about the "great China growth" story are being stripped away day by day. Instead of the Chinese market looking relatively cheap, at least by comparison with both its past and the nation‘s assumed economic growth rate, it looks seriously over-valued for two very different reasons.

The first is the least remarked, being overs…

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