The Great Fall of China

Fear about China’s economy can be overdone. But investors are right to be nervous

Economist
Aug 29th 2015 | From the print edition

ONCE the soundtrack to a financial meltdown was the yelling of traders on the floor of a financial exchange. Now it is more likely to be the wordless hum of servers in data centres, as algorithms try to match buyers with sellers. But every big sell-off is gripped by the same rampant, visceral fear. The urge to sell overwhelms the advice to stand firm. Tiếp tục đọc “The Great Fall of China” →

China’s Meltdown Spells Even More Peril for Petro-States

FP

China’s Meltdown Spells Even More Peril for Petro-States

The Chinese contagion that sparked “Black Monday” is especially worrisome for crude oil prices, which this summer were thought to have finally found a floor after a year of steady price declines. But that floor suddenly looks rotten: U.S. benchmark crude prices fell well below $40 a barrel on Monday, their lowest levels since the depths of the global financial crisis. Tiếp tục đọc “China’s Meltdown Spells Even More Peril for Petro-States” →