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China Share Price Gains Raise Fears of a Bubble

The rally in Chinese stocks is causing surprise as it moves in the opposite direction from the country's slackening economic growth. Last week, the Shanghai stock index hit a new seven-year high. The market rally has created as many as 12 new yuan billionaires - those holding about shares worth at least 1 billion yuan ($162 million), mostly in their own companies, according to the Southern Metropolis Daily newspaper. The Shanghai composite index closed at 4194.82...

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