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For the past couple of years, the FT's China bureau chief,
Zhou Lei, says that China's economy has been in a tough place.
Things have been looking pretty bleak in China.
Ordinary people have been hit by a real estate slump.
Many local governments which actually drive China's economy have not been paying salaries and suppliers.
Even the better off have been feeling pretty bad.
At the end of September this year, there weren't many signs that this was going to change.
That is until one Tuesday, September 24th.
China announced a massive monetary stimulus package that sent everyone's interest in Chinese stock soaring again.
The market basically went crazy.
I mean, if you look at the chart.
from that day, it's a vertical cliff.
After Chinese stocks spent years in consistent decline, millions of retail investors pile back in.