China's Stock Market Crash a Global Problem

China's Stock Market Crash a Global Problem

China can ill afford this market failure. Its stock market has soared and crashed before, but earlier booms were tied to a rising economy. This bubble took place in an economy that is losing steam. China’s miracle years have played out, and the government faces a difficult transition to the higher-value, more efficient and market-oriented economy needed to sustain the next phase of development.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles