China’s stock market rally may hurt the economy

China’s stock market has rarely been a big source of finance for firms. Yet even if it does not provide the money for investment, the market can provide the motivation. In theory, companies will be ... ( read original story ...)

China’s stockmarket rally may hurt the economy

On September 24th last year China’s officials decided to engineer a rally in the moribund stockmarket. The central bank, flanked by financial regulators, cut interest rates and bank reserve ... ( read original story ...)