- Chinese stocks are in a bear market and its currency has fallen to the lowest level this year.
- It’s now starting to look a bit like 2015, a period when Chinese financial markets were in meltdown.
- China’s National Institution for Finance and Development (NIFD), a Chinese government-backed think tank, warned this week of a looming “financial panic.”
Sentiment on the Chinese economy has taken a turn for the worse.
Chinese economic data has started to falter after a period of near-relentless consistency over the past couple of years. Recent months have seen Chinese stocks and the Chinese yuan tumbling.
See the rest of the story at Business Insider
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See Also:
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- The inside story of how a $730 billion investment industry was born from the ashes of the tech bubble
- Global markets are flashing a new ominous signal that investors are bracing for the worst
SEE ALSO: The Chinese yuan has crashed to its lowest point this year
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