China Is in the Midst of a Triple Bubble

AP Photo
The Associated Press

From Linette Lopez writing at Business Insider:

The entire world is watching China’s stock-market collapse, but it’s important to keep it within the context of the greater Chinese economy.

And the context is pretty bleak.

The way Credit Suisse sees it, the Chinese stock market, as shocking as its slide has been, is the least of the country’s worries.

The real problem is that all of this turmoil is happening in the midst of a “triple bubble.”

Read the rest of the story at Business Insider.