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Beijing 'may be playing risky game in stock rally'
THE Chinese stock market is on fire after a rally sent the benchmark equity index to a seven- year high, but experts say Beijing could be playing a risky game in its bid to revive the economy through a boost to stocks.
After a previous market crash wiped out more than US$3.5 trillion (S$4.7 trillion) from the market's 2007 peak, a new bull run has taken hold. The Shanghai index has more than doubled since the run-up began last July.
While stocks have been gaining on the back of expectations of new measures to spur the slowing Chinese economy, experts say this rally is not without a key cheerleader - Beijing itself. Read More.