: As China boom surpasses the headiest days of the U.S. Internet bubble, signs of excess are everywhere, according to Bloomberg. Mainland speculators have borrowed a record $348 billion to bet on further gains, novice investors are piling into shares at an unprecedented pace and price-to-earnings ratios have climbed to the highest levels in five years. The figure, $6.5 trillion, sums up the value created in just 12 months of trading on Chinese stock exchanges -- and why some see a rally that gone too far, too fast. The economy, meanwhile, is mired in its weakest expansion since 1990. Of course, there short-term money to be made. We have a wonderful bubble on our hands, said Michael Every, the head of financial markets research at Rabobank International in Hong Kong.
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