Greece gets all the financial headlines while the real economic story may be in China.
The Bloomberg report tonight Jul 7, 2015 points out that Chinese shares lost to negative territory on Tuesday. The benchmark Shanghai Composite Index was down finished at 3,727.13 points. The Shenzhen Component Index slumped 5.8 percent to close at 11,375.6 points. (Xinhua/Pan Yulong)
A wave of 1,249 Chinese companies halted trading in their shares. That is estimated at over 40% of those listed.
Also, CHINESE regulators unveiled new measures to prop up the value of small-cap stocks in the latest attempts to stem a rout that’s wiped more than $3.5 trillion of value.
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