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.