Hostage to China’s Insecurity—Its Markets

Peace and Freedom

Beijing’s fear of market forces means MSCI inclusion of Chinese stocks is likely to disappoint

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China’s Big Board. Credit Kim Kyung-Hoon, Reuters

June 27, 2017 5:40 a.m. ET

SHANGHAI—At last, Chinese stocks have gained a measure of global respectability.

Thanks to a decision by the index giant MSCI to include a small selection in its emerging-markets benchmark, college endowments and pension funds wi

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