More on Chinese Stock Market Tumble

In a column today titled “China’s Market Sideshow Turns Into Main Event,” Bloomberg’s William Pesek, who I quoted in yesterday’s post on the Chinese stock market slide, said investors should not have been surprised: . . . on a relative basis, China has become the key emerging market for the U.S. “To a significant degree, as China goes, so go the emerging-market returns of U.S. investors,” Quinlan said. There you have it — the world’s most developed markets are more vulnerable than ever to the policies of officials in Beijing, regulators in Shanghai and companies throughout the most populous nation. […]

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