^^^
how can you even prove or disprove that Chinese students at Chinese universities are doing "just as well" and why does it even matter? the two systems are entirely different. whether or not people choose to admit it, everything in the US is based on holistic assessment whereas in China everything is based on bureaucracy.
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Beefs, the stock market just reflects the public perception of China's economy, not China's actual economy. The public is fickle and their opinions change quickly; I would agree with aisgzdavinci that all it tells us is that stock markets are volatile.
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you and aisgzdavinci don't really understand what the stock market is or how it works. also, you both are missing my other point which is that China has few regulations regarding economics practices. the volatile nature of the Chinese stock market indicate a HIGH level of insider trading and a lot of less than honest financial reporting. (both of these things occur when regulations are lax.) oh yea, and the stock market crash that occurred before the Great Depression was all because people were fickle had nothing to do with the state of the economy...