Salient to Investors:
Bill Bishop at Sinocism said:
- China’s stock market has historically been irrelevant both to the domestic Chinese economy and the global economy.
- China has tarnished its reputation with its bungled response to its stock market plunge.
Damien Ma at the Paulson Institute said it is premature to conclude the Chinese economy is in a major crisis, but key is how China stabilizes the real economy and pushes through economic reforms.
Read the full article at https://foreignpolicy.com/2015/08/24/mapping-fallout-from-black-monday-who-was-hardest-hit-china-stocks-plunge/
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