What is the Chinese stock crash telling us?

Wednesday, 17 October 2018

The Shanghai Composite is in free fall:

This is despite the China National Team going hell for leather on buying. I suspect it is foreign capital fleeing Cold War 2.0.

But that’s not all it is because the industrial earnings outlook is also deteriorating:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.