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Why the world’s best performing market in 2019 will keep rising
If you’re not yet invested in China, you’re going to regret it. That’s because China is poised to hit the trifecta. By that, I mean a year when the currency, economy and stock market all do well. This happened in China in 2006. Beijing had abandoned the decade-long currency peg to the U.S. dollar in July 2005. The Chinese currency, the yuan, could finally begin to adjust according to market demand. In the first full year that the yuan was free of the peg, it gained 3.3 percent against the U.S. dollar. It would go on to rise a lot more. (A rising currency is good for foreign stock investors because it boosts ... (full story)