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China's STAR market celebrates first year but numbers do not add up

It is easy for tech companies to list on it and shows country opening up

| China
The fact that ChiNext is about to adopt the same rules as STAR shows how influential the new market has become.   © Imaginechina/AP

Fraser Howie is co-author of "Red Capitalism: The Fragile Financial Foundations of China's Extraordinary Rise."

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