Experience Stern | News & Events

Excerpt from CNBC -- "This optimism should be taken seriously. This run-up is not a bubble, and so investors should not fear another crash. Our research shows that after a rocky first decade, which earned China's stock market a reputation as a casino, stock prices in China predict future profits as well as they do in the U.S. Moreover, this predictive power is highly correlated with China's corporate investment efficiency, suggesting that stock prices are teaching corporate managers important lessons as well."

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