The Chinese stock market lead the recovery this past year, bottoming in the fall of 2008 while most other world markets followed in March of 2009. China leads markets and where the Chinese market goes for 2010 has very important ramifications for markets around the world. For that reason you want to read what Michael Pettis, a professor at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets, and a Senior Associate at the Carnegie Endowment for International Peace has to say.
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