The skyrocketing in 2007 and the plunging in 2008 are the real manifestations of the bursting of the stock market bubble. In 2007, the national stock market, household savings into the stock market, into the ranks of the national stock market. However, when funds are always broken, once the inflow of funds cannot supply the rise of the stock market, the bursting of the bubble is inevitable.

At that time, it just happened to catch up with the US debt crisis, and foreign capital left the China stock market crazily. In less than a year, the China stock market fell from more than 6,000 points to 1664 points.

As far as the stock market is concerned, the listing of PetroChina is the fuse. China Petroleum, a super-large-cap stock, broke through 48 yuan on the first day of listing, and then led the stock market down. At present, the share price of PetroChina is only a fraction of that of 48 yuan. Many stocks fell more than 80%.

Many investors even committed suicide after falling into despair, and some fund managers committed suicide.

Economically speaking, it is the inevitable result of the debt crisis. The US real estate bubble burst. Since the collapse of Lehman Brothers.

Up to now, the debt crisis has continued to run, and later evolved into a European debt crisis.