An investor takes a nap in front of an electronic board showing stock prices at a securities brokerage house in Beijing. Photo: EPA
James Saft
Opinion

Opinion

Macroscope by James Saft

Politics to blame for China stocks’ lost decades

Politically connected firms more likely to falsify accounts but less likely to be punished

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An investor takes a nap in front of an electronic board showing stock prices at a securities brokerage house in Beijing. Photo: EPA
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