In Land of 3,500% Stock Gains, Crashes Are Quickly Forgotten
- Despite 2015 rout, China shares have surged over the long run
- Shanghai Stock Exchange celebrates 25th anniversary on Nov. 26
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Fang Zhengdao set up shop on a rainy day in mid-November, a yellow umbrella in his hand and a handwritten sign by his side. Two months had passed since the great Chinese stock-market crash of 2015, and Fang figured it was time to start peddling equities again.
That no one seemed interested in money-management advice from a 67-year-old man on a dingy street corner in Beijing didn’t faze him. He’d be back again.