What Caused ‘Black Monday’? The Answer’s Blocked in China
Bethany Allen-Ebrahimian, Foreign Policy | August 24, 2015
Global commodities, oil prices, the Fed — state media will blame anything but China for the recent dive in global stock prices.
On Aug. 24, following two months of extreme market volatility, the Shanghai Composite Index, China’s benchmark stock index, fell 8.5 percent, its biggest drop since 2007.
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