Friday December 6, 2019

Big trouble in China and beyond

Chinese shares have lost €6 trillion in a rollercoaster week. What’s next on the horizon for this creaking powerhouse of the global economy?

Ian Guider

Markets Editor

@ianguider
30th August, 2015
10
A panoramic view of the Shanghai skyline. Its stockmarket had been having a spectacular run before the crash Picture: Yongyuan Dai/Getty

It has been a painful, painful few weeks for investors. At the close of trading on Friday night, €6 trillion, a sum equivalent to 30 times the size of the Irish economy, was wiped from the value of shares in China and the US alone in the space of just a few weeks.

The damage across Europe may not be as high, but the carnage has still cost investors hundreds of billions of euro.

The sudden...

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