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After another big up day today, China's Shanghai Composite is now up a whopping 18% since making a multi-year low in early December.

(click to enlarge)

Remarkably, the Shanghai Composite is currently stuck in the longest bear market it has ever seen (going back to 1990). A bear market is a 20%+ decline that was preceded by a 20%+ rally, and vice versa for a bull market. The current bear market that the Shanghai is in has lasted 756 calendar days and seen the index decline 38%. Below is a table of past bear markets for the Shanghai. The longest bear market China had seen prior to this one lasted 461 days from April 2004 to July 2005. Should the Shanghai gain another couple percentage points, a new bull market will be at hand, and it will certainly be a welcome relief for Chinese investors.

Source: Has A New China Bull Market Begun?