AREA OF SPECIALIZATION
Recent Chinese market crash can lead to a massive crisis as small economies will suffer badly. This is not to say that it will not affect big or medium sized economies but overall it will churn a new shadow about the prosperity of Asia. Indeed, Asia is the driver of world economy today. In the post-2008 financial crisis era, it is neither Europe nor America which is able to insert massive economic growth that is being expected. No doubt, if Europe fails it will have severe consequences. In case China fails or growth dips a nose dive, then Asia will be far worse hit. Ultimately, this may alter geopolitics in a big way. Economic growth will hit social progress. Social instability will give rise to political instability.
The inter-connected globe we live in can affect each one, directly or indirectly even if a crisis erupts thousands of miles away. The bright example is Greece crisis.
Now, the market crash in China involving 4 trillion USD since last month can create havoc across the globe if any further decline is not arrested with credibility.
In fact, markets need credibility which will in turn infuse confidence. The problem for many FIIs and Chinese investors is they hardly have a direct access to political establishment in Beijing.
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