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CHINA STOCKS: Just worth flagging a weekend piece from the Global Times, which
noted that "Chinese mainland stocks might correct after a one-week, incredible
run that sent the benchmark Shanghai index to nearly 3,400 points, financial
experts and securities analysts predicted, following remarks by the banking and
insurance regulator that China will crack down on illegal speculative activities
to avert asset bubbles...The experts said that the government is worried that
its financial aid to coronavirus-hit companies will find its way into the
domestic stock market, which has shown signs of irrationality in recent
days...Experts said a short-term correction is likely, but the trend of a bull
run is unlikely to be reversed."
- This falls in line with the rhetoric apparent across several state media
releases in recent days.