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People wait for their trains at Hongqiao train station in Shanghai, ahead of Chinese New Year, January 28, 2014. About 3.62 billion trips will be made during the 40-day Spring Festival travel rush which started from January 16, an official said, Xinhua News Agency reported.
People wait for their trains at Hongqiao train station in Shanghai, ahead of Chinese New Year, January 28, 2014. About 3.62 billion trips will be made during the 40-day Spring Festival travel rush which started from January 16, an official said, Xinhua News Agency reported.
(Carlos Barria/Reuters)

Chinese credit markets will be tested after New Year’s

China picked a good time to go on vacation, as the country’s assets have been immune from broader emerging markets turmoil. The focus will be squarely on Beijing when Chinese New Year celebrations end, however, after Bank of America strategist Bin Gao described a recent debt issue default as “very much like the Bear Stearns moment.”