While the uncertainty over the fallout from a potential Greek exit from the Eurozone continues to draw the attention of global markets, the head of the world’s largest independent financial consulting firm believes that China is the true cause for concern.
In a new article, deVere Group CEO Nigel Green explains why the crisis in China should serve as a “wake-up call” for global investors.
How Bad Has It Gotten?
The statistics on the Chinese A-shares market collapse are staggering. The Shanghai composite has lost $1.96 trillion in market cap since June 12. That number is comparable to the entire GDP of India. Incredibly, the Shanghai index is down 32 percent in only 17 trading days.
Why The Meltdown Matters
So far, the collapse in the Chinese markets has…
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