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【策马翻译培训】口译培训双语教材 - 外媒:股市暴跌的问题可能比你想得更严
重
U.S. investors are finally getting a front row seat to China ’ s market meltdown.
Much of the near month-long collapse of the Chinese stock market, which has sent prices
plunging 26%, has seemed like a sideshow to U.S. investors. Stocks in the U.S. in
general have mostly continued to go up. And the U.S., Greece, and even Puerto Rico
have played a larger role in market news.
The question is, how big of an economic story is China ’ s stock market stumble? China
market is volatile. It went up too much and now it is falling fast. The nation ’
slowing, but slowly, and likely into a soft-landing, unless the Chinese stock market crash
changes that dynamic.
The vast majority of Chinese stocks are held by average Chinese investors. But the vast
majority of Chinese don ’ t own stocks. So it ’ s hard to know how much impact the drop
will have. And China seems willing, and able, to bail out its banks for now.
But in the past week, there have been signs that what n the Chinese markets’ s going on i
is not just about the markets, but potentially about China ’-listeds economy overall. U.S.
Chinese stocks are all of sudden doing worse than Chinese stocks listed on the local
Shanghai exchange. Since the beginning of July, the iShares Large-Cap ETF, which is
made up of large U.S.-listed Chinese companies including Alibaba BABA -0.76% and
others, is down about 10%. Alibaba recently fell to its lowest price since its IPO. The
worst performer in the index is 500.com WBAI -16.64% , which offers online lottery
services to Chinese provinces. That company ’ s stock is down 40% since mid-June.
The drop in U.S.- listed Chinese stocks signals that what is going on in mainland
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