Valuations of stocks in China are now exceeding earnings prospects and the market there is heading for a correction, Bloomberg reports, citing a report from Goldman Sachs. In fact, among the world’s major markets, China’s stocks are the most expensive.

According to Bloomberg data, the CSI 300 Index is up 82% this year, leading the performance of the 90 stock benchmarks it tracks. And in 2005, it more than doubled.

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