China's bull market has just begun, not a bubble

April 22, 2015 2:51 AM

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SHANGHAI, April 22 (Reuters) - China's bull market "has just begun", a website run by the official People's Daily newspaper said, calling the surge in share prices a fair reflection of the country's growth potential and denying that it was a bubble.

China's stock market has soared about 80 percent over the past six months, even as the country's economic growth slowed to a six-year low of 7 percent in the first quarter, raising concerns that shares may be vulnerable to a sharp correction.

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