China stock analysts drop the bull

Analysts see the least upside for mainland stocks in more than two years after a bull market rally that began in September boosted the price-to-estimated earnings ratio to its highest level since June 2011.

The chart of the week shows the spread between the MSCI China Index's 12-month price target, based on an aggregation of analyst estimates for the gauge's 135 securities, and the benchmark measure's actual level.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1125653/china-stock-analysts-drop-bull