18000 for Chinese stock small cap in the next few years
Chinese stock market has been in bear since 2008, equity financing is shifting to debt financing, while US market is shifting from debt financing to equity financing, US interest rate going up, China interest rate going down. Housing estate already in huge bubble, stock is a place international funds not really paying attention to, this market has huge potential to the upside, the PE ratio for this index merely 19, lower than 99% trading days in the past, I have a good reason to call here the historic bottom.
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