Chinese stock markets are in complete collapse right now, with the main Shanghai Composite index losing 30% of its value in just the past three weeks. This article explains why it has happened and what it means for other stock exchanges around the world.
Read More »China’s Stock Market Crash Has Major Economic, Political, Financial & Social Ramifications
The government needed a safe place for Chinese people to put their savings to work but the stock market turned out not to be that safe. Now the government may have to hold off on some painful reforms to keep confidence and consumption up and cash flowing through the economy and provide more time for China's 3 bubbles to pop to the country's detriment.
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