Although mutual funds that specialize in China delivered outsize returns last year—and Chinese investors have placed enormous sums in stocks and funds over the past year and a half—the market so far in 2007 has been so volatile that some fear it could be headed for the same fate as the dot-com bubble, the Associated Press reports.

“Those companies are just like the companies that came out of Silicon Valley from 1995 to 2000,” said Donald Straszheim, vice chairman at Roth Capital Partners. “Some are going to sink. Some are going to swim.”

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