₦airaland Forum

Is to the beginning of of painful correction for the Chinese economy?

Their stock market has crashed over 30% since June despite lot of desperate measure by the government.

This does not include the pending real estate bubble and fact that China now has more debt per GDP than the US.

Well I hope this has nothing to do with Nigeria economy because virtually any economic crisis in part of the world affect us either directly or indirectly

It might. A serious Chinese economic crisis has the potential to affect the global economy an Nigeria also has lots of Chinese investment which may be impacted as companies tend to pull foreign investment during economic turmoil.

Let's pray they are able to manage it but I've always believed they have grown too fast and with too much government intervention. It is not sustainable.

rammyty:
Well I hope this has nothing to do with Nigeria economy because virtually any economic crisis in part of the world affect us either directly or indirectly