Word: beijingers
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Plenty of stock analysts and fund managers disagree, arguing that prices are simply keeping pace with China's remarkable economic rise and that accounting reform and better supervision have made Chinese companies more attractive. The country's GDP grew 10.7% last year, the highest rate since 1995. But the alarm...
Beijing may have good reason to apply the brakes. In frothy markets, investors tend to form unrealistic expectations. They buy into an ill-founded theme, whether it's about future demand for tulip bulbs or, in this case, the notion that China's economic growth is boundless. David Webb, an...
That's what China's new investors think too. Punters who gathered to swap stocks and stories at the Beijing branch of the China Galaxy Securities brokerage house on Jan. 29 weren't letting a small drop in the market that day dampen their spirits. "I guess the fluctuation will...
Bush seems to think that historians smile upon Presidents who never give up, even when the going gets tough. But that's not quite right. Take Bush's hero, Truman, who regularly ranks among the top 10 Presidents of all time. One of the things historians admire about him is...
At that point, Truman faced a choice. His commander on the ground, General Douglas MacArthur, demanded victory, which meant full-scale war with Beijing. Dropping 30 to 50 atom bombs on Manchuria, he suggested, would do the trick. But Truman refused. He fired MacArthur, refused to bomb China and, in...