[Chgogal]

Bttt

[allendale]

China sits on the granddaddy of all real estate bubbles. The communist controlled central bank directed the squandering of $2 trillion of capital into the building of needless “ghost cities” that sit empty, decaying and no return on investment. Their real estate is artificially and unrealistically valued. Their loans and banking are based on artificially high real estate values. A small decline in real economic output and the whole system tumbles. Remember 2008. The US as a political result got Obama. The world should really shudder for what will happen in China.

[Ghost of SVR4]

I don’t have much to back this up, however word on the beaten path is many Chinese outside of the great firewall are hiding their wealth in LTC and BTC. Since last week, LTC has doubled in price and volumes of trades/purchases are fairly high. LTC is somewhat a gamble however BTC has been pretty flat for two weeks so it would be a good method of moving wealth quietly.
I am not advocating buying into crypto at all. I have some crypto that I can live with or without and plan on seeing where it is in five years as a personal experiment is all. Other’s day trade crypto or move their money around the globe without being tracked.

[Jim Noble]

The really worrying financial crisis is happening in China, not Greece

Yeah, I'm REALLY worried about what happens to China.

Not.

[Buckeye McFrog]

Communist Stock Market is an oxymoron.

[Steve_Seattle]

Yeah, yeah, China’s economy might collapse with worldwide effects, but what’s really important right now - for the American media and American public - is creating more transgender restrooms in this country and banning the Confederate flag.

[gingerbread]

While countries are falling like “DOMINOES”, these financial “WIZARDS” keep telling us; “DON’T WORRY, BE HAPPY”. These politicians refuse to admit that the days of “FREE WHEELING” government spending, with the ever rising “BENEFITS” must come to an end. First it’s Greece, now it’s China. Eventually, no matter what these “FINANCIAL WIZARDS” and our government politicians will realize that all of this will come to an end. I hope that everyone in “FREEPERS” have made plans to protect themselves and their families.

[RayChuang88]

Maybe. But given that 1) very little foreign money is actually invested in China and 2) most of the Chinese population is averse to the whole idea of the stock market, that collapse of the Shanghai and Shenzhen exchanges only affects a relatively small number of Chinese.

I think the Chinese government may be asking a lot of questions at Sina Weibo, the Chinese equivalent of Twitter, and whether Weibo postings were fueling the speculation up and down in regards to stock market indices.

[Army Air Corps]

Pei Ping.

[Lazamataz]

Greece is so screwed.