In the past week, I haven't watched a single movie because the DVD drive on my computer is completely broken and can't play any discs. Also, I can't download the movies I want to watch from the internet, which is really frustrating.
Let's talk about the stock market. The Shanghai Composite Index has been fluctuating between 5400-5200 points for several days, but finally had a decent increase today. The average price-to-earnings (P/E) ratio of China's stock market has now reached over 50 times. Whether compared with mature capital markets such as the New York Stock Exchange or Hong Kong Stock Exchange, or with other BRIC countries like Russia, Brazil, and India, this P/E ratio is too high. According to common experience, there is already a large stock market bubble, so now is not the time to enter. But I know that my friend Chong is eager to try. However, the uniqueness of China's stock market lies in the fact that it is a relatively closed capital market, less affected by external capital environments. The big rise in China's stock market over the past year has benefited from domestic excess liquidity. Besides the real estate market, there are few better places for surplus funds to go, although this excess will also be reflected in inflation...
Original link: http://www.aroundmovie.com/2007/09/china-stock-market.html