Chinese stocks slump more than 20% entering bear market
 

Chinese stocks slump more than 20% entering bear market
http://img.s-msn.com/tenant/amp/enti...6&q=60&o=f&l=fChinese stocks are down more than 20 per cent since the correction started late last week, entering a bear market and the world’s second largest national eco**my could be in for a real crash **w with huge implications for global spending from iron ore to the travel sector. Perhaps the headline news is wrong to be so focused on the Greek debt crisis. What’s happening in China is far more important. Chinese margin debt of $263 billion is bigger than the Greek debt of $348 billion, while total private and public debt exceeds $23 trillion – who’s an elephant and who’s a mouse? Yang Liu, chairman & CIO at Atlantis Investment Management and Jonathan Garner, managing director and chief Asia & emerging market equity strategist at Morgan Stanley try to explain this stock market plunge… Video link click here!