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Answering the ? you superimposed on the chart:
-No! They just learned the lesson from bernanke’s and yellen’s book and are DIRECTLY purchasing shares to create the “wealth effect” similar to here since their real estate and shadow banking is tanking….and is going to be very hard (and I am being minimalist in the usage of “very hard”, for the correct would be: “impossible”) to control those >200 million peasants who in the last 10 + years went from donkeys, mules and stone age tools (the lucky ones) to pirated flat screens and iPhones and from caves and mud barns to living in barely standing Beijing and Shanghai appt buildings …bullets aren’t cheap nowdays…
_be well and keep us informed.
I think it is smart money positioning for reforms from Xi Jinping and money flow from Hong Kong.
http://www.bloomberg.com/news/2014-09-11/chinese-rejecting-hong-kong-stocks-as-link-startup-looms.html