The Shanghai market looks like a classic monetary blow-out with share prices that can come howling back down as fast as they did in the false rally in 2007. Photo: Xinhua The Shanghai market looks like a classic monetary blow-out with share prices that can come howling back down as fast as they did in the false rally in 2007. Photo: Xinhua
The Shanghai market looks like a classic monetary blow-out with share prices that can come howling back down as fast as they did in the false rally in 2007. Photo: Xinhua
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

China stock rally lacks sound foundation of real business growth

Beijing’s monkeying with rates and domestic liquidity is intended to stimulate the economy but the side effect is stock market speculation

The Shanghai market looks like a classic monetary blow-out with share prices that can come howling back down as fast as they did in the false rally in 2007. Photo: Xinhua The Shanghai market looks like a classic monetary blow-out with share prices that can come howling back down as fast as they did in the false rally in 2007. Photo: Xinhua
The Shanghai market looks like a classic monetary blow-out with share prices that can come howling back down as fast as they did in the false rally in 2007. Photo: Xinhua
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Jake Van Der Kamp

Jake Van Der Kamp

Jake van der Kamp is a native of the Netherlands, a Canadian citizen, and a longtime Hong Kong resident. He started as a South China Morning Post business reporter in 1978, soon made a career change to investment analyst and returned to the newspaper in 1998 as a financial columnist.