The China Syndrome: Lessons From The A-Shares BubbleGuest Post
The China Syndrome: Lessons From The A-Shares Bubble by Jason Hsu, Research Affiliates
The Chinese stock market rallied more than 150% as the Shanghai Composite Index rose from 2,037 at the end of June 2014 to its peak of 5,166 in June 2015. Many market commentators, most notably Bill Gross, called it a “stock market bubble” and predicted a collapse. However, it bears asking, “What is a stock market bubble and how is it different from . . .
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