Government is wearing blinkers to the China’s stockmarket crash

avatr Mana News editor Joe Trinder

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The Chinese stock market crash has been described as far worse than the 1929 stock market crash as that happened over months. China’s stock market has dropped by 30% ($3.4 Trillion) in three weeks and its only begun.

Here in New Zealand Aotearoa the land of the long white cloud the mainstream media have been offering happy talk that this won’t affect our economy. The National government have been complacent and are instead discussing the Greek economic crisis considering China has GDP that is 40 times the size of Greece.

The global fallout from China’s stock market crash is coming to New Zealand and will hit our economy probably the hardest as our second largest trading partner and the first developed nation to get free trade deal with China.

“It is absolutely a healthy thing that it’s had a good shake out.” NZ Herald 10/4/15