- China’s Meltdown And Contagion Now Spreading As Central Planners Prepare For Global Economic Chaos
On the heels of another chaotic trading week in major markets, today one of the top economists in the world sent King World News an incredibly powerful piece warning that China’s meltdown is already spreading as central planners prepare for global economic chaos. Below is the fantastic piece from Michael Pento.
By Michael Pento of Pento Portfolio Strategies
August 1 – (King World News) – The Chinese stock market recently saw its biggest selloff in eight years as the dramatic 8.5-percent fall in Shanghai “A” shares also rattled markets around the world….
But the meltdown in China is already spreading around Asia and the Pacific. For example, Taiwan’s year-over-year export growth has hit multi-year lows due to collapsing trade with China.