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China’s Falling Markets: Blame the Foreigners
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China’s Falling Markets: Blame the Foreigners

Philip Bowring's avatar
Philip Bowring
Jul 06, 2015
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China’s Falling Markets: Blame the Foreigners
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The rout of the Chinese market after weeks of dizzying climb can scarcely have come as a surprise. Many foreign commentators had been calling it a bubble for quite some time.

While some of the more staid state companies in banking, power generation, etc. never looked especially expensive, the market was driven by absurdly fanciful valuations given to any…

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