Wednesday, June 27, 2007

China at 45 Times Earnings Buoyed by `Herd Mentality,' Trust in Government

(Bloomberg) -- High above Shanghai, in an office
reserved for stock market barons, Xu Yongyi swirls a flask of
coffee, only breaking his rhythm to explain why money matters.

``It's not about being rich,'' asserts Xu, a 43-year-old
former factory worker who says he turned 16,000 yuan ($2,100) into
5 million yuan by trading shares. ``I want to rise above the
masses and prove I'm a step ahead.''


Read more at Bloomberg Emerging Markets News

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