According to CNStock, Andy Xie, ex-Morganstanley economist, said China A share market - Shanghai composite index will move downwards further from current level of around 2000 to 600. If that was the case, I guess US market would drop at least 50%. GS, MS and City would all go bankrupcy for sure.
The changing shopping habbits of chinese housewifes will see petro prices down to $100. Plus, copper price will also face a big drop in August when Olympics games start.
Investing in China's Falling Stock Market [View article]
Chinese domestic investors are considering the shanghai composite index to down further to 2500. However, when every one is expecting the same thing, that is something not happening.
China Finally Cuts Rates [View article]
China's Negative Economic Outlook [View article]
Investing in China's Falling Stock Market [View article]