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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