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In an op-ed, Professors Jennifer Carpenter and Robert Whitelaw argue that it's time to let China's stock market self-correct

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Excerpt from Foreign Policy -- "Our research suggests that, contrary to perception, China’s stock prices have been surprisingly informative about future corporate earnings and have been generating useful signals for managers. Specifically, the predictive power of prices for future earnings in China is comparable to that in the United States, and the strength of that predictive power is significantly correlated with corporate investment efficiency."

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