Inside the News - Edition #726

Allan Leibowitz -
Inside the News
- 9 Jul 2015 ( #726 )
1 min read
While everyone is focused on the financial crisis in Greece, some pundits point out that the real challenge is China.
CNN, for example, points out that the Greek economy is tiny, and the business world should be much more concerned about China, with the world's second-largest GDP.
That's while the Shanghai Composite and Shenzhen Composite are both down a third from their highs.
Those warnings, however, should be tempered by the power of the Chinese government and the fact that it has never been scared to intervene when the economy lags behind one of its five-year plans.
Wherever the risk, the past few years have taught us to hold our nerve and ride out any troubles.
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