China’s stock market continues to fall, but has only recently returned to levels from last year. The cause of concern is the currency devaluation, the drop in commodity imports, and the drop in growth. That isn’t saying that China isn’t importing or growing, but that the levels are dropping. As the levels drop, investors become uncertain about how far they will drop; and the currency devaluation suggests that the government is concerned, too, furthering investors’ worries. China’s lack of financial transparency also creates a possibility that the growth was fictitious. That possibility further worries investors (whether there’s evidence or not.)
(Click on the graph for the link.)
“China Stocks See Their Biggest Slump This Month After Industrial Production Falls” – Quartz
Pretending Not To Panic 