China's GDP is (was) around 10%. So Surely you cant compare the Shanghai Composite with the DOW or XAO.
So I got a different opinion...
The Shanghai Composite and Hang Seng are falling because China has effectively stopped exporting.
The BDI is falling because China has effectively stopped importing.
Conclusion: Another big economic engine is out. We are effectively gliding along in a jumbo. Which works for a little while until gravity takes effect!
PS I suggest keeping one eye on metal prices and the other eye on the stockpiles.
china takes a dump, page-17
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