Chinese stocks skyrocket despite an economic slowdown.
Despite weak economic data in China, something unexpected has been taking place in Shanghai since early 2015 - the Shanghai Composite Index (an index of all stocks traded on the Shanghai Stock Exchange) is already up 22.48%, year-to-date (Apr 7, 2015).
- China's Premier Li Keqiang lowers growth rate to 7% because of "tigers in the road".
- Outside the Shanghai Stock Exchange, retail investors are paying $1 to learn how to trade the Warren Buffett Way.
- China is opening up its doors to foreign investment, and that's a very good thing for China.
Some analysts fear that there isn't enough fundamental strength beneath China's market to sustain this bullishness.