Financial Times# Stock
c*i
1 楼
(1) Michael Pettis, Don't read too much into the performance of China
markets. Financial Times, June 17, 2010.
http://www.ft.com/cms/s/0/4147c8e8-79a7-11df-85be-00144feabdc0.html
(a) Excerpt in the print:
"We normally assume that stock prices represent the market's best estimate
of growth prospects, but this is not always the case
"Financial statements can be questionable, because Chinese universities
cannot produce the accountants China needs
(b) My comment: One has to register to read it, but
markets. Financial Times, June 17, 2010.
http://www.ft.com/cms/s/0/4147c8e8-79a7-11df-85be-00144feabdc0.html
(a) Excerpt in the print:
"We normally assume that stock prices represent the market's best estimate
of growth prospects, but this is not always the case
"Financial statements can be questionable, because Chinese universities
cannot produce the accountants China needs
(b) My comment: One has to register to read it, but