In 2008, there were bubbles in pillar industries such as manufacturing and real estate in China, and the crisis was everywhere. When investors were generally blindly optimistic about the market, the stock index began to fall all the way. With the outbreak of the global financial crisis, the index plummeted. In just one year, the bull market plunged from 6 124 to 1664.

In the stock market, we are used to calling the continuous rise of stocks a bull market and the continuous decline of stocks a bear market. As a bull market, its market is generally bullish and can last for a long time, while a bear market is also called a short market, and its market is generally bearish and has been falling.