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Do not mistake China's stock rally for a safe haven

Beijing is pumping stimulus into unreformed economy

| China
An officer takes body temperature measurement inside the Shanghai Stock Exchange on Feb. 28: the trajectory of China's coronavirus challenge is impossible to predict.   © Reuters

China's stock market certainly seems to be having a grand coronavirus crisis. As bourses from Tokyo to New York yo-yo wildly, mainland shares are on a tear, up 10% in just the last month.

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