View

This is just a correction, unless China makes it worse

China has acted as if it has unlimited confidence but it needs a cooler head to intervene less and let market forces restore equilibrium

The Great Hall of the People, China
The Great Hall of the People, China Photo: iStock

China’s market crash began in June, but has accelerated rapidly since, despite massive intervention by government entities to stop it.

It has now triggered a sympathetic response from the world's capital markets (the market value of which is about $230 trillion, according to a recent McKinsey report) and stock prices in Europe, Japan and the US also slumped in another example of global market linkage.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line