Maybe it was all just a dream — or a nightmare.
As the Chinese stock market’s disastrous 2015 boom-and-bust fades from memory, investors are in a mood to buy. Chinese stocks both on the mainland and in Hong Kong outperformed the S&P 500 last year, as economic growth accelerated for the first time since 2010.
The Shanghai Composite index on Tuesday surpassed its level at the end of 2015, just before China’s securities regulator implemented an ill-fated circuit breaker that magnified a market rout in the opening week of 2016.
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