China’s stock rally is defying economic strain from U.S. tariffs and a property crisis, according to Bloomberg. Onshore Chinese stocks have added nearly $1 trillion in value over the past month, with the Shanghai Composite reaching a decade high and the CSI 300 up more than 20% from its low. This surge comes even as economic indicators such as consumption, home prices, and inflation signal warning signs for investors. China’s rally is prompting analysts to warn of a potential bubble, with Nomura citing “irrational exuberance” and TS Lombard highlighting a bull-bear standoff. While abundant liquidity, strong tech firms, and targeted policies are fueling gains, the mismatch between stock performance and economic fundamentals is stirring doubts about the rally’s staying power.