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Tuesday, January 29, 2013

Chinese Stocks enter bull market.

The Shanghai Composite rose 0.5% overnight, bringing its gains since December 3 to 20%, a threshold signalling bull market to some. Helping stocks has been not just the idea that the slide in economic growth has bottomed, but Beijing's efforts to funnel investment dollars - both domestic and overseas - into common stocks. The latest is a Taiwan media report suggesting individual Taiwanese will be allowed to invest in Chinese shares.

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