Probably not. Some guys argue that China's situation should be different from other countries, and they may continue to defend themselves. Wall Street people like to say "It is different this time", when a market or a stock went beyond common sense. China A-share bulls have similar arguments: "It is different in China."

不客气地说，去年A股的行情就是一个闹剧，跟当年网路泡沫一样。 我们还没有听到多少与炒股票有关的人伦惨剧，所以还不好说底在哪。但可以肯定一点，3600-4000会在我们有生之年重上，因为指数是在不断调整扩大的。