China stocks drop over 8%
The price drop is a price drop. I don't think we can add too much useful commentary to it.The politics of it, well that is interesting. The Chinese government is acting a little panicky. Suspending trading, banning "malicious" selling, state supported margin loans.It makes me think that they may have taken on the pundits' belief that the chinese public will support the CPC regime only as long as rapid economic growth is part of the package, that any economic troubles will result in regime change.IMO, that's the storyline to watch.