Ajay Rajadhyaksha is global chair of research at Barclays.
Chinese equity markets are on fire. The major indices have now rallied an astonishing 30-35 per cent in just three weeks. The shift from the doom and gloom this summer couldn’t be starker.
Local brokerages are working overtime as Chinese households rush to open stock trading accounts. Trading systems are jammed. Appaloosa’s David Tepper, one of the most successful investors of all time, went on TV to declare that when it came to Chinese equities, he was willing to break his own risk limits.
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