Wednesday, July 08, 2015

My Op-Ed "Taking stock of the Chinese stock market slide" in today's Globe and Mail

My Op-Ed "Taking stock of the Chinese stock market slide" in today's Globe and Mail: http://www.theglobeandmail.com/globe-debate/taking-stock-of-the-chinese-stock-market-slide/article25368429/

"The larger question relates to the implications for the Communist Party rule in general. When China’s stock markets were booming, the Communist media celebrated this as a sign of the superiority of the country’s authoritarian state capitalist model of “socialism with Chinese characteristics.” But when things are going very wrong, it is the party that is seen as accountable for the consequences."

My views on the Chinese stock market are quoted in Nathan Vanderklippe's report "China’s investors fear leaders ‘cannot control’ swoon" also in today's Globe and Mail: http://www.theglobeandmail.com/report-on-business/international-business/asian-pacific-business/chinas-stock-rout-continues-markets-full-of-panic/article25349457/

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