Blame China!!!

I had the opportunity to talk to a journalist from WanBao about the recent stock market situation.

He spoke with anger that the world blamed China for initiating the stock market collapse last week. He added that no one complimented China when every bourse in the world was on an uptrend.

I later read somewhere that total value of Chinese bourses is only about 5% of the American exchanges.

So if the world want to blame China for the worldwide collapse, I would have taken it as a compliment.

So now when China sneezes, the rest of the world will catch a cold :)