To many, China’s recent economic data suggests their bull market is here to stay: The 3rd quarter 2009 saw a 16% leap in industrial production and retail sales, and a strong rise in GDP to 8.9%… Does that sound familiar? IT SHOULD. Just two years ago, China’s economic numbers were similarly strong. Yet do you remember what Chinese stocks did in 2007? Take a look at this chart — it’s a good remind that economic growth is NOT what drives the stock market.
