Shanghai composite index today:
-8.49% decline, biggest one day decline in 8 years. This on top of distress seen in PMI data. Evidently the government is concerned. Heavy handed efforts have been used to try (and fail) to stop the stock market retreat since June, and the RMB was suddenly devalued last week with perhaps more to come.
What's next for China and Chinese markets? Is China finally in the midst of a crash?
-8.49% decline, biggest one day decline in 8 years. This on top of distress seen in PMI data. Evidently the government is concerned. Heavy handed efforts have been used to try (and fail) to stop the stock market retreat since June, and the RMB was suddenly devalued last week with perhaps more to come.
What's next for China and Chinese markets? Is China finally in the midst of a crash?
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