, Columnist
China’s Stock Boom Is Not a Repeat of 2015
AI infrastructure is the catalyst and investors are looking for another Nvidia.
A revolutionary technology at an early evolutionary stage.
Photographer: Andrey Rudakov/BloombergChina is in the midst a stock boom. The blue-chip CSI 300 Index is up 9% so far this month, while the tech-heavy ChiNext Index has soared 18%, leaving the S&P 500 in the dust.
As animal spirit starts to awaken, there are concerns that we are seeing a repeat of 2015 — a euphoric rally in the first half of the year followed by an equally spectacular bust that sent the CSI 300 tumbling 47% on concerns gains were unsustainable.