Chinese stocks are on a tear. But fear not, the latest rally looks less precarious than the one four years ago.
Stocks in mainland China are on a tear. The Shanghai Composite notched its biggest one-day gain since July 2015 on Monday and has gained nearly 18% so far this year, making it one of the best performers in the world.
Four years ago, a dizzying advance in China was followed by a collapse that rippled across global markets. In contrast, the latest rally looks less precarious.
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