Both China and Japan have extremely high amounts of debt relative to GDP, and are both are still increasing spending.<p>Short term, the Chinese stock market will continue to fall - it&#x27;s still incredibly overvalued from the bubble. US and European stocks should continue to be slightly affected. Anyone with a clue has already priced the Chinese effect into stock prices.<p>Short and mid term, any money that can will continue to attempt to escape China. Land&#x2F;Houses&#x2F;Industries in popular areas may be a little overvalued in the popular places in the US and Europe.