Greece votes "no" but what about China?

[Zorrofan]

While there is much worry and angst in the press about Greece, is the recent stock market crash in China a bigger problem looming on the horizon?

 

 

http://www.huffingtonpost.ca/2015/06/26/china-stock-market-crash_n_7674838.html

 

Consensus seems to be no but China is now the second largest economy in the world. Is the crash a symptom of deeper problems to come??

 

cheers

Zorro

 

[Jurgis]

IMO, we should make Chinese invest in Greece and we'd solve two issues at once.

 

 

 

Never mind if they don't get their money back.

[merkhet]

IMO, we should make Chinese invest in Greece and we'd solve two issues at once.

 

 

 

Never mind if they don't get their money back.

 

lol

[Zorrofan]

IMO, we should make Chinese invest in Greece and we'd solve two issues at once.

 

 

 

Never mind if they don't get their money back.

 

I know you are joking but at one point during the worst of the financial crisis I believe China was buying euro bonds. I think the market turmoil in China is more a symptom of their problems rather than THE problem....

 

cheers

Zorro

[yadayada]

Well in a few months the chinese market went from 20x earnings to 45x earnings, and now they are back at 20x earnings. Corrected itself really fast lol.

[muscleman]

It is fascinating about the Chinese stock market right now. The market is failing like a knife, and the Chinese president ordered his right hand man to be the vice policy minister and threatened whoever makes large sales of stocks may be considered as "illegal shorts" and thrown into jail, and this finally stopped the crash temporarily.

I have no clue what will happen next. This is completely out of my circle of competence.  :D