Forget the doomsayers’ warnings over the parlous state of China’s economy: the country’s stockmarkets are on a tear. In the year-to-date, the main bourses have managed a total return of two-fifths. Notwithstanding the US S&P500’s multiple record high closes, the MSCI World Index has eked out a paltry 7 per cent over that time. Only Argentina has delivered a meaningfully higher return – up about four-fifths this year.
忘掉末世論者對中國經濟危險狀態的警告吧：中國股市已開始一場狂歡。今年迄今，中國主要股市成功實現了五分之二的總回報率。雖然美國標普500(S&P 500)指數多次在收盤時出現創紀錄高點，同一時期內摩根士丹利資本國際全球指數(MSCI World Index)卻始終以7%的低回報水平慘淡經營。只有阿根廷的回報率明顯更高——約為五分之四。
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