New blog entry from David about the recent turbulence in the Chinese stock market. Full text after the break.
Crash Landing in China
Or, China, Burning.
For a long time now there’s been concern over whether China’s long-sustained economic growth could continue, and many China experts have been asking openly whether, if things did go wrong, it would be a soft landing or a crash landing, and, if the latter, then how it would affect the rest of the global economy.
Well, now we –partially – know. China’s growth can’t be sustained, and we don’t need China experts to tell us that. It’s finally happened, in Hong Kong’s Hang Seng, as well as in other stock markets throughout the world. Continue reading Crash Landing in China