China’s stock surge has echoes of the 2015 bubble. What’s different this time

China’s stock surge has echoes of the 2015 bubble. What’s different this time


Key Points
  • Over six months from 2014 to 2015, the Chinese stock market doubled in value, while leverage climbed, Aaron Costello, regional head for Asia at Cambridge Associates, pointed out Monday.
  • This time around, the market hasn’t run up as much, while leverage is lower, he said. “We’re not in the danger zone yet.”
  • What’s less clear is whether economic growth will pick up enough to support a sustainable market rally.



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