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Thread: Where is the summit of China's stock market?

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[quote=KEVIN0518,250460]The source said that the shares in Shanghai and Shenzhen Stock Exchanges had increased about 400 percent in last two years. On Oct.15th, it set another record. The benchmark Shanghai Composite Index jumped over  6000 points.

Many people are worried about China stock market. Though it has developed very fast, the bubble in the stock market still exists. When will the bubble break? It seems that the doomed day when the bubble breaks will not come very soon. At present, the market is still prosperous. PetrolChina, China Life Insurance, Air China and some other Chinese corporations have created many records in the world.

In 2005, China A-share market went into its downturn. The government carried  on the Non-tradable Shares Reform to save the market. This was the turning point. Since then, A-share market has gradually revived.

Now, the government has tried to raise the interest rates to cool down the stock market. However, the shares are keeping increasing. I wonder that if there is a summit of the stock market. What's more, those listed companies have earned huge profits from the market. Those investors and listed companies are enjoying a grand feast in the stock market right now. What if the bubble breaks?

What is your view? Will it reach 10,000 points?[/quote]

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