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Both are doing about the same return
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O RLY?
Shanghai Composite Index
"The index has jumped more than 300 per cent in less than two years"
I don't think I need to even look up how Canada and Germany are doing (though in the case of Germany, I know thats a very strong economy now as well), to know they aren't having returns like that...
Also:
Valuations are currently at 37 times 07 earnings
helpful FT page about China
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So what should PE be? I don't know exactly what the S&P is at, but it's probably something like 18. So China is around double that. Obviously the two economies are very different, so just by nature of being higher it's not necessarily too high. Is 20 right? 25? 80? 12? e?