Is China Breaking Out or Breaking Bad?

China’s recent stimulus announcements sparked a massive rally in its stocks, and a growing chorus of analysts see more gains ahead. Is this a reawakening of the country’s long slumbering stock market or just another false start? Bloomberg Opinion’s Nir Kaissar and Shuli Ren, based in the US and Hong Kong respectively, met online to discuss the risks and opportunities.

Nir Kaissar: Shuli, like a lot of people, I’ve been amazed by the surge of Chinese stocks in recent days.

The Hang Seng Index is 22% higher and the Shanghai Shenzhen CSI 300 Index1 is up 27% in just two weeks.2 Those are big leaps by any measure.