Undoubtedly, in the past few years, there has been an immense market appreciation and as a result, many profited from such market movements. More concretely, the billionaire investor Warren Buffet, through his company Berkshire Hathaway Inc., recorded 64% increase in profits in the third-quarter of 2007 on an 800% gain on a stake in PetroChina Co. Furthermore, there are currently 106 billionaires in China, 700% higher than last year. This is just a testament to the rapidly growing economy of this country. My only question: is there a speculative bubble in the Chinese market; if so, are we anticipating a market correction?
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