CHINA: Millions rush for share in stockmarket

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Updated May 18, 2007 18:42:54

China is deep into a stockmarket frenzy, with millions of new Chinese investors piling into the market. The Economist magazine reports fears that China's share prices are moving far ahead of companies' earnings, in a way that is scarily reminiscent of Japan in the late 1980s, just before its crash.

Presenter: Graeme Dobell
Speakers: Professor Harry Gelber, author "The Dragon and the Foreign Devils: China and the World, 1100 BC to the Present"

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