The Great Fall of China

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

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


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”