As the entire world watched mainland China’s major stock indices plunge this week, it learned something very important about the country that, for the most part it didn’t know before. China is fragile. After a massive 150% rally in the Shanghai Composite Index over the last year, on June 12th China’s largest stock market (and it’s smaller Shenzen Index) started to plummet. Before the bleeding stopped on Thursday, Shanghai had erased gains from April, May and June. And the entire country was shocked — almost as shocked as the rest of the world. China’s leading Communist Party (CCP) had been …read more
Source: Business Insider
