In Land of 3,500% Stock Gains, Crashes Are Quickly Forgotten

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  • Despite 2015 rout, China shares have surged over the long run
  • Shanghai Stock Exchange celebrates 25th anniversary on Nov. 26

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.

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