, Columnist
That Thunder Out of China Is Loss of Confidence
The building blocks of gobal investor belief in the world’s second-largest economy are being pulled away, one by one.
China’s future is in the hands of its consumers.
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Everyone was braced for trouble in Chinese markets this week. The election in Taiwan threatened to be a major geopolitical flashpoint and scare off investors. Then Saturday’s presidential result came in largely as expected, the status quo on the island largely seemed intact, China said little or nothing about it. Chinese stocks traded calmly on Monday. Since then, they’ve tanked.