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Wednesday, October 1, 2008

Shanghai - The Next Wall Street?

Financial Hubs See an Opening Up at the Top from the Washington Post. China's advantage is it has a pile of cash, the disadvantage is lack of regulation/transparency. It's amazing that a city in China is even mentioned as a possible rival to Wall Street. There is a lot of funding inside of China and investments, but areas that need improvement rule of law (no insider trading) and stocks are less like gambling and become focused on fundamentals.

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