Thursday, May 24, 2007
markets catching chinese flu
Times Online: OECD warns of danger of Chinese stocks collapse
OECD warns of danger of Chinese stocks collapse
Influential global think-tank says it will be hard to limit effects of 'marked correction' to the country's stock markets alone
The warning came on the back of Chinese stock market that has risen 55 per cent since the start of the year and more than tripled in the past 17 months. It followed remarks night by Alan Greenspan, the former US Federal Reserve chairman, who warned of the risk of a "dramatic correction" in Chinese share prices and said recent gains were unsustainable.
Posted by chris @ 02:03 PM (315 views) Add Comment
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