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EDITORIAL

Be prepared for more shocks from China's frothy stock markets

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On thursday, China's stock markets tumbled about 6 per cent, their biggest daily decline in four months. Could this be the start of the deflation of what many commentators consider to be a stock-market bubble?

ON THURSDAY, China's stock markets tumbled about 6 per cent, their biggest daily decline in four months. Could this be the start of the deflation of what many commentators consider to be a stock-market bubble?

Since mid-2014, China's stock markets have been on a tear. This year alone, and

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