China stock market meltdown, screams the headlines. True that Shanghai Composite went down by a gut-wrenching 32% in 18 days despite China’s best efforts to stem the selling.
Let us read this news again keeping in perspective that China market more than doubled in last one year.
Do you think that China economy more than doubled in last one year. NO. In fact it grew at the least pace of 7% in 25 years.