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China’s stock market favours foxes over hedgehogs
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China’s stock market favours foxes over hedgehogs
Since the early 1990s Chinese equities have returned just 3.3% a year after inflation, far behind US stocks. Nimble traders who mimic the crafty canines can profit from stimulus and periodic bubbles. Long-term investors, like prickly mammals, know the risks of lingering too long.
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