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.
