In the Chinese calendar, 2016 will be the year of the monkey. It may also be the year where China has to address the monkey on its back.
China’s stock market has opened the year with a crash, opening up a new frontier of nervousness about one of the world’s most financially powerful countries. Chinese consumers play a big role in fueling sales of of fashion, technology, and cars, so many international companies from Apple to Burger King carefully watch the country to watch their own prospects. A Mashable explainer on China’s economic troubles can be found here
The fears, which started last summer, started anew when the Shanghai Composite Index — China’s equivalent of the Dow Jones Industrial Average — dropped 7% on Monday, which then created a global downturn in stocks Read more…
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