China Hops on a ‘Treadmill to Hell’

Call it irrational exuberance with Chinese characteristics. In August, a fascinating campaign unfolded in China’s state-run media, prodding citizens to pile into stocks. In one week alone that month, the official Xinhua News Agency ran at least eight articles touting the wonders and patriotic virtue of owning equities. The People’s […]



Bloomberg via CHINA US Focus http://ift.tt/15ZCtHg