China is looking more and more like a disaster waiting to happen, as the Shanghai stock index...

|By:, SA News Editor

China is looking more and more like a disaster waiting to happen, as the Shanghai stock index has tanked 6% in the past week to its lowest close since March 2009. "China's credit bubble has finally popped," Ambrose Evans-Pritchard writes. "The property market is swinging wildly from boom to bust," which always ends badly, and there’s little reason to think China will prove an exception.