The history of China’s stock markets is one of successive booms that ended in tears, most recently in 2015, when the benchmark dropped 47 per cent in a matter of months. But evidence is mounting that there is something new about this latest rally, which means it could have much further to run. It is worth considering whether this time really could be different.
manbetx3.0 股市的历史，就是一次次牛市惨淡收场的周而往复。最近一次是在2015年，当时基准股指在几个月内下跌了47%。但越来越多的证据表明，最近的这轮上涨有一些新的东西，这意味着它可能走得更远一些。这次是否真的会有所不同，是个值得认真考虑的问题。
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