China Stock Crash: Why The Global Economy Is Largely Safe From China's Massive Stock Correction

Stock markets are the one part of Chinese society the Communist Party can't control. Despite the extraordinary measures Beijing has rolled out over the last three weeks to ensure the stability of markets in Shanghai and Shenzhen, Chinese stocks plunged farther Monday than on any day since 2007. The dramatic correction, which sliced 8.5 percent off the Shanghai Composite Index, ended a state-sponsored three-week rally, raising concerns that China's massive equities bubble might outweigh the gover...