In a recent article on ‘Business Insider’ it looks as though the Chinese Bull Market is back, it was only last week that analysts were saying that China was doomed.

Chinese stocks are rallying hard again today, even without another five-month old statement to propel the market higher.At the lunchtime break the benchmark Shanghai Composite has jumped another 2.7%, adding to Wednesday’s 4% plus gains.

Telecommunications, up nearly 9%, are leading the charge after Miao Wei, head of the ministry of industry and technology, stated earlier in the session that the government will consider reform and mergers in the sector in the future.

Yes, 8% on that seemingly obscure comment.The gains of the past two sessions have seen the Composite rally 25%, greater than the 20% level deemed to be a technical bull market. While the recent trend has been bullish, it’s still be a tough six months for the index. From its yearly peak struck on June 12, it’s still down 31%. Year-to-date it has risen just shy of 10%.

Link: http://uk.businessinsider.com/chinese-stocks-are-ripping-higher-2015-11