China’s Live Stress Test

China’s current stock market volatility, though not necessarily desirable, represents a natural market correction from its June 12 peak. The economy has undergone a standard cycle of displacement, overtrading, monetary expansion, discredit, and revulsion, all in a matter of less than 12 months.

Andrew Sheng & Xiao Geng From Asia Global Institute via CHINA US Focus http://ift.tt/1eUrLFk