Chinese Stocks Bubble.

It's a very real brutal bear market in China which most people have overlooked and ignored.In keeping with that odd behaviour, while the US market has now fallen less than half the distance of the Chinese market (from their respective October 2007 tops), most people are more concerned about the US markets.
Part of the explanation is that the US markets are obviously much larger and have more significance on the world stage, but still, a bear market is a bear market. And over in China they are grappling with a big one.
Friday,19/04/08 closing:3,094.68 down 128.073(-3.97%)
China's CPI leaps to 8.7% in February, 11-year high.
The Chinese stock market has gone through bubbles before. This time it only multiplied by a factor of 6 in less than 2 years! This recent mania was so strong that it shrugged off a trading stamp tax increase last summer and continued to rally for a few months. Usually such state manipulation would have meant a quick death to the mania.
Since the bull market in Chinese shares lasted longer than most predicted, it is safe to say that the bear may last longer also. The next level of support is around the 3000 level. After that, the resistance levels from 2000-2001 will come into play at the 2000 price levels.

A set of new trading measures was announced overnight on Sunday night to help stabilize the market by the China Securities Regulatory Commission. A ban was also imposed on large-scale sales 30 days prior to the release of annual or biannual reports.This move was seen as an attempt to boost dwindling investor confidence after the country's market has nearly lost 50 percent since peaking in mid-October. The flooding of previously untradable shares was blamed as a key culprit for the meltdown.
INSIDE CHINA.
About 93 million Chinese, or 7.18 percent of the total population are hepatitis B surface antigen (HBsAg) carriers, the Ministry of Health (MOH) said on Monday.People in western and interior provinces are more likely to carry the virus than people in eastern and coastal provinces, said Hao Yang, deputy director of the Ministry's disease prevention and control bureau, at a press conference.
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