Experience Stern | News & Events

Excerpt from China Daily -- "Writing in their blog moneyandbanking.com, Stephen G. Cecchetti a professor of international economics at Brandeis University in Waltham, Massachusetts, and [Kim] Schoenholtz, noted that China's stock market is now the world's second-largest behind the US in terms of market capitalization of domestic issues...'In a large market like China's you are dependent upon the behavior of private investors. It's hard for government action to lead to stability,' Schoenholtz said. 'The success of China's stock market will depend on the government being able to tolerate volatility.'"

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