Discussion in 'Markets & Economies' started by Peter, Jul 7, 2015.
Now down 5.6%
Falling like a backed up turd after a night on the piss.
China 3.8% down
So whats the story is China going into a recession or economic downturn yet?
The communists have banned recessions in China.
China's economy, the world's second-largest, appears to be slowing, with the benchmark Shanghai Composite Index dropping more than 40% since its peak in June.
Investors who sold at the share market's peak became yuan millionaires, but those who held on have lost much of their wealth.
"Many left it too late, and quite simply they don't have the cash any longer," says Mr Kirchner. "In Sydney, every real estate agent was looking at China. Now, they are more cautious, which will cause problems for Australian developers
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