The $600 billion reason why China's stock market crash might get a whole lot worse - Chinese stocks have lost more than 30% of their value since the start of 2018 - however only 5% of Chinese own stocks as compared to 20% of Europeans, and 40% of Americans

submitted by magnora7 from newstimes.com

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[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The Chinese stock market is weird. People in China don't trust it. The real bubble is the housing bubble. Chinese people see real estate as the best investment, but they might have overbuilt and there might be a property value bubble that could cause serious problems in China, which would ripple over to the US stock market and beyond.