Zero Gravity on the Chinese Stock Market?

One of China’s most influential investors on Thursday said the Chinese stock market was “defying gravity”, highlighting growing concerns that the rapid rise in mainland share prices is unsustainable. Read original article

Gao Xiqing, vice-chairman of the National Council for Social Security Fund, also said that the fund was selling stocks to trim its exposure to the rapidly rising market.

The benchmark Shanghai index has risen 41 per cent this year, having jumped 130 per cent in 2006.