| Shanghai stock Exchange is the sole legitimate pattern in 1946-1949. it exist in the the most serious period of inflation stage of China's economic history, its foundation and development has always linked with inflation. in spite of the stock market has experienced the flow of more than 2 years of "bull", but this "bull market" is not built on the basis of economic growth, rather than people's frenzied speculation and the influence of the inflation. At this point the purpose of government to guide capital inflows to production field and curb the flow of inflation did not come true. |
