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9 years ago
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Shanghai stocks plunge, over 1,200 Chinese companies halt trading
China's benchmark Shanghai stock index cracked 8% as additional government moves failed to shore up the tumbling market.
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I'm wondering; can this bubble bursting drag down the global economy like in 2008? Or will this be mostly constrained to China?
I mean, I expect the world's second economy going through a bust having consequences, but I'm wondering if this is the eve of a global crisis, or if it's more of an Asian issue.
I posted this elsewhere, so I apologize for repeating myself, but here is an indication that this is a classical bubble bursting. Looks like it's going to get much uglier before it gets better.