I have been saying that the China growth story still has a long, long ways to go and that we are only in the 3rd or 4th inning of a very profitable ball game.
I expect the Chinese stock market to mirror the growth of its Hong Kong market cousin. In 1973, the Hang Seng Index was sitting at 153.
Today, the Hang Sang Index is over 25,000.
We’ve only seen the tip of the iceberg.
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- Chinese stock market up the last 2 days (07/06/08)
- $1 billion of Chinese stock market profits for Buffett (07/31/09)
- Taiwan stock market drops 6% this week (06/12/09)
- Hong Kong market jumps 14% (10/29/08)
- Indian stock market SOARS! (05/22/09)
