Hear no evil?
MARKET VOICE
The essayist Michel de Montaigne (1533–1592) famously quipped: "A good marriage would be between a blind wife and a deaf husband." Retail investors in China seem to be wed to blind risk-seeking and deaf to admonitions recommending moderation. On May 6, Zhou Xiaochuan, governor of the People's Bank of China, warned of a stock market bubble and made it clear that he was keeping a keen eye on asset prices as well as inflation.
Once upon a time, such a pronouncement from a senior Chinese official
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