Chinese stocks: Canary or elephant for world markets this year?

January 7, 2016 8:11 AM

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Chinese stocks: Canary or elephant for world markets this year?

Canary in the coal mine or elephant in the room? For investors, either idiom could apply to Chinese stocks in what is already shaping up to be a rocky ride for global markets this year.

Pessimists would go for the canary metaphor: the New Year dive that began in Shanghai serves as an early warning of how local events can have repercussions across the world.

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