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Black Monday: China isn’t the cause of this meltdown in markets

Global growth hasn't been shaping up to optimistic expectations

By George Magnus  

A Chinese stock investor reacts near a display for stock prices at a brokerage house in Qingdao in eastern China. © Chinatopix via AP

China’s equity market fell by 8.5 per cent on Monday and around 6 per cent on Tuesday as the authorities, having reportedly spent over $200bn trying to prop it up, seemingly gave in. Global markets took their cue, falling sharply in ways…

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