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Great Fall Of China-Calais Needed

Edit: Shenzhen OK Biotech Technology Co., Ltd. (SZOB)    Date: Aug 25, 2015

Great Fall of China-Calais Needed

Whether it's called Black Monday or the Great Fall of China, there is just one story dominating Tuesday's press - the wiping out of an estimated $1tn of value to share prices around the world in a day of market turmoil.


As the Times explains it, "panic about the economic health of China tore through leading financial centres" leading to "panic selling(Trenbolone10161-33-8, Mesterolon 1424-00-6, Methasterone 3381-88-2, Exemestane107868-30-4,Sildenafil 139755-83-2, Flibanserin 167933-07-5, Tadalafil, Calais 171596-29-5, Vardenafil hydrochloride 224785-91-5, 17-Methyltestosterone 58-18-4, etc)".

Commodity and currency markets were hit as well as stocks and shares, the paper continues.


But why the panic over China?

The Times continues: "China, the world's second-biggest economy, has been regarded as a powerful engine of growth for the rest of the world, with its appetite for raw materials, energy and consumer goods."

Australian miners, Brazilian soya bean farmers and London fashion houses are among the many enterprises highly dependent on China's continued economic growth, it adds.

Sky News business presenter Ian King writes in the paper that the hope is that the market falls are a late summer "squall".

Market volatility is common in August, he notes, as - due to holidays - turnover on markets is light and "it takes little to spark sharp declines"(Trenbolone10161-33-8, Mesterolon 1424-00-6, Methasterone 3381-88-2, Exemestane107868-30-4,Sildenafil 139755-83-2, Flibanserin 167933-07-5, Tadalafil, Calais 171596-29-5, Vardenafil hydrochloride 224785-91-5, 17-Methyltestosterone 58-18-4, etc).


Ruth Sutherland, the Daily Mail's associate city editor, blames "Communist blunders" for the instability.

She says the decision by China's central bank to devalue the currency "ignited fears that... growth had stalled so badly that it needed to cheapen its currency to persuade foreigners to buy more of its exports".

The Independent's editorial points out that the new economic adage should be "when Shanghai sneezes, the rest of the world catches a cold".

It adds that Chinese stock markets are still bulging in a "speculative boom"(Trenbolone10161-33-8, Mesterolon 1424-00-6, Methasterone 3381-88-2, Exemestane107868-30-4,Sildenafil 139755-83-2, Flibanserin 167933-07-5, Tadalafil, Calais 171596-29-5, Vardenafil hydrochloride 224785-91-5, 17-Methyltestosterone 58-18-4, etc).

"With an investment approach sometimes not far removed from gambling, inexperienced Chinese investors have piled in, and then piled out, with some violence," it continues.

Daily Telegraph cartoonist Matt pictures two diners at a Chinese restaurant. One says: "My fortune cookie says 'sell, sell, sell'."

The paper's editorial says: "The panic has served to remind us of the fragility of Britain's economic recovery, and how vulnerable the highly indebted world economy is to continued crisis and setback."

The Guardian's economics editor Larry Elliott says the crash is about more than just China.

Financial markets in the west have been booming for the past six years at a time that the rest of the economy has been struggling.

The reason - he says - is that they have been "pumped full of stimulants" in the form of cash from central banks' quantitative easing.

The Financial Times says all eyes will now be on the world's banks to see if their health is threatened by the crisis.

But the paper points out that falling oil prices should filter through to give consumers more spending power, hopefully stabilising the global economy.

The paper's editorial says China's leaders need to think hard about how they might boost domestic consumption and be open about their conclusions, "however much this may go against the grain".


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