On China's stock market.
"Moreover, Chinese A-shares now have an average price-earnings (p/e) ratio of around 45. At their peaks, the average p/e ratio of the Nikkei 225 in 1989 and the NASDAQ at the start of 2000 were both well over 100. This suggests that Chinese share prices could have much further to climb before the bubble bursts."
--The Economist, June 23
|Printer friendly Cite/link Email Feedback|
|Publication:||The International Economy|
|Date:||Jun 22, 2007|
|Previous Article:||Will environmentalism become the new protectionism? Twenty-three experts weigh in.|
|Next Article:||On valuations of the yuan.|