Chinese stocks just lost 10x Greece’s GDP

Frederic Neumann, co-head of Asian economic research at HSBC in Hong Kong says ultimately China’s stock market dive will be more consequential than the Greek Crisis. "What happens in China will turn out to be far more consequential than any sting that Greece may deliver over the coming weeks or months. As China's equity markets lose their roar, the risk is that demand more broadly on the Mainland could take a hit. That would knock out an essential engine of world demand over the past decade.” (VIEW LINK)