Saturday, June 23, 2007

China Is Worried Stocks May Be Overvalued, Central Banker Zhou Says

(Bloomberg) -- China is worried its share market may
be overvalued and is watched developments closely, central bank
governor Zhou Xiaochuan said.

``We're not sure whether there's a clear bubble but we
worry'' price-earnings ratios may be ``too high,'' Zhou told
reporters in Basel, Switzerland, where he's attending a meeting
of central bankers from around the world. ``We're closely
watching the stock market in China.''


Read more at Bloomberg Stocks News

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