From News.com.au:
Former US Federal Reserve Chairman Alan Greenspan said today he feared a “dramatic contraction” in Chinese stocks but the global economy might be able to shrug off a drop in asset prices.
Speaking at a meeting in Madrid via teleconference, Mr Greenspan said the recent boom in Chinese stocks could not last. [Full Text]
Greenspan’s comments on China have also caused U.S. stocks to drop. See Reuter’s Stocks Slip After Warning by Kristina Cooke for more details.
