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Chinese surprise reaches the global menu

Letter from Shanghai

When it comes to finance, China likes to do things differently. In Shanghai's trading rooms, stock quotes turn green when they fall and red when they rise. Red is the colour of wealth in the Middle Kingdom and, no coincidence, the colour associated with the ruling Communist Party.

Last Tuesday when the Shanghai Stock Exchange fell almost 9%, the screens turned sickly green and investors felt queasy. It was the biggest one-day fall in a decade.

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