Updated from 12:26 p.m. EDT
China's largest stock exchange, the Hang Seng Index, has risen about 30% from its March 9 bottom of 11,344.58. This compares with a 19% rise for the
Dow Jones Industrial Average
and a 25% rise for the
Simply put, the Chinese government, led by Premier Wen Jiabao, has authorized market-friendly stimulus and financial packages with the goal of restoring economic and, more important, political confidence. So far it's worked.
With daily traders right trying to game
, focus on the smaller, cash-rich Chinese companies that have competitive and operational advantages over their competitors. The world is turning to China to solve its financial crisis, and these Chinese stocks are going higher.
To read more about Chinese stocks that could surge higher, including
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