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We’ve Hit ‘Peak China’ And No One Is Ready For What’s To Come
By Michael Auslin (original source Forbes)
“During the financial crisis of 2008, China lauded itself for escaping contagion by the American financial meltdown. Now, however, China’s recent stock market collapse is infecting global equity markets, ushering in a period of almost unprecedented volatility.
But while the world focuses on the effects on Wall Street, the real story of the summer of 2015 is that China’s troubles are just beginning. The spillover effects likely will spread beyond China’s economy, even affecting politics and security—that should be the main topic of conversation when Chinese president Xi Jinping visits President Obama in Washington this month.”
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