Posted by supersaiyan3 > 2019-12-22 10:39 | Report Abuse

Its a new economic phenomena I guess.

Unlike Bearstern, Lehman, etc, China banks, P2P, local counties, SOEs went bankrupt => is just bad news for debtors, no rescue and nobody takes over the burden. (That's Xiconomics)

It will still hit the banks but less severely to the central banks or central government. Ordinary investors are the group that suffer the losses, consumption (and investment) would be extremely weak.

We are seeing a new wave of immigration to the world from China.

China government fixing everything to prevent price drop.