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Wednesday, February 16, 2005

Chinese stock markets closed for a week!

The Chinese version of capitalism can be perplexing at times, to say the least. The Shanghai and Shenzhen Stock Exchanges, the most prominent symbols of a free market system, will open on Wed, Feb 16, after a week long holiday for the annual spring festival! I wonder how investors feel about the lack of liquidity during the period. Perhaps, they take consoliation from Warren Buffet, who says he does not care if the markets are closed for five years!

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