Chinese President Xi Jinping on a large screen during a cultural performance as part of the celebration of the 100th anniversary of the founding of the Communist Party of China on June 28, 2021. Photo: Asia Times Files / AFP / Noel Celis

Last week, as Chinese stocks produced their biggest gain since 2015, Lu Ting, chief China economist at Nomura Holdings, was warning investors not to forget another, more traumatic memory from that same year. “Given the current market momentum and our tracking of sentiment on China’s social media, the risk of repeating the epic boom and […]

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