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Mar 31, 2007

Pig in the spotlight

A look at what could be in store for the Chinese economy

The year of the pig, which started on February 18, is meant to bring great fortune. This is especially so this year, because it’s a golden pig, the first in 60 years, according to astrologers. But if the past few weeks are anything to go by, good fortune might not lie in the stars. On February 27 the Shanghai index recorded its biggest singleday plunge in a decade, fueled by whispers of a possible government crackdown on stock market speculation. The subsequent chain reaction spread

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