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 […]
Xi knows what it takes to sustain China’s rally
Short-lived 2015 rally showed liquidity is no substitute for supply-side reform. Will Xi’s team repeat history or correct past mistakes?
