Beyond the immediate investor panic about the stock market, let's get something straight here about the fundamentals of the Chinese economy. Some commentators are even comparing China to Greece and saying China is the more serious of the two.
That to me is utter and complete nonsense. China still has a growing economy. Its slowing for sure but it is not a crisis, and certainly can't be compared to Greece.
Few Chinese hold equities and they rely on traditional income growth through salary and savings. So to say the market crash will crimp Chinese consumption is a gross exaggeration.
So before any of you fall for the "Chinese economic crisis" bs, look at the underlying conditions of China instead.