The big question now is whether the recent volatility will spill over into other asset markets and the real economy. The double-digit drop in the Shanghai Composite Index since June has not triggered an economic crisis largely because fewer than 10% of Chinese households participate in the stock market, and equities comprise less than 15% of household assets.
现在的大问题是最近的波动是否会溢出到其他资产市场和实体经济中。6月以来上证指数两位数的下跌之所以没有引起经济危机，主要是因为只有不到10%的中国家庭参与了股市，而股票只占家庭资产的不到15%。