With Chinese GDP sinking to its slowest rate of expansion since 2009 in the 3q, the arrival of more positive economic data has helped lift the Shanghai Composite through December and into 2013. For most of last year the Composite trended down, in keeping with the overall trend since the 3qO9, when the index peaked at almost 3,500 points. At the start of December 2012 the Composite briefly dropped below 2,000 points for the first time since the global financial crisis meaning the annual average decline was far greater than those experienced by stock markets in Japan or India.
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