China is, afterall, an export economy. It should have and could have developed a domestic consumption economy during the boom time, but it didn't. Recent rally in the S&P as well as Shanghai, in my view, is nothing more than some sort of LIQUIDITY DRIVEN STUPIDITY... Therefore, I am going against the consensus here: S&P 500 will fall, so is China. Enough said.
-- bhc investment, 7 August 2009
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