China Tells

The past ten years can be labeled as the decade of the emerging markets. Based on MSCI World Equity Index, the stock market in emerging markets including China has outperformed that of USA and Japan by far. The best performer is Russian equity market, up by more than 400% since January, 2001. The equity markets in Brazil and India follow, and then China. Both USA and Japan posted a negative return to equity investors.

过去的十年可以说是新兴市场的黄金十年，这一事实在股票市场上显露无遗。根据MSCI世界股票指数，金砖四国的股票各有大幅度增长，其中以俄罗斯股票市场的上升最为显著。与之相比，美国和日本的股票市场均有所下跌，可以说是股市的失去的十年。