The Shanghai benchmark index has surged over the 4000 mark for a new record. Rising Chinese shares at a breakneck pace adds to concern over market overheating. Shanghai’s benchmark index CSI 300 ended up 2.6 percent to 4,090.57. Since 2006, the index has increased four fold, and has doubled since the beginning of the year.
The Indo-China border dispute is threatening to erupt once again, this time amidst reports that the Prime Minister’s Office cancelled a cross-border study programme for 102 IAS officials after the Chinese government denied a visa to a bureaucrat from Arunachal Pradesh, saying he did not need one as he was a Chinese citizen.