{"id":11437,"date":"2007-02-28T15:56:02","date_gmt":"2007-02-28T22:56:02","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2007\/02\/28\/china-selloff-shows-rising-global-status-joe-mcdonald\/"},"modified":"2007-02-28T15:56:02","modified_gmt":"2007-02-28T22:56:02","slug":"china-selloff-shows-rising-global-status-joe-mcdonald","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2007\/02\/china-selloff-shows-rising-global-status-joe-mcdonald\/","title":{"rendered":"China selloff shows rising global status &#8211; Joe McDonald"},"content":{"rendered":"<p>\n<a href=\"\/wp-content\/uploads\/mt-old\/_reuters_OLCABUS_iptc_2007-02-28T105806Z_01_NOOTR_RTRIDSP_2_BUSINESS-MARKETS-GLOBAL-COL.jpg\" onclick=\"window.open('http:\/\/chinadigitaltimes.net\/_reuters_OLCABUS_iptc_2007-02-28T105806Z_01_NOOTR_RTRIDSP_2_BUSINESS-MARKETS-GLOBAL-COL.jpg','popup','width=210,height=210,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"\/wp-content\/uploads\/mt-old\/_reuters_OLCABUS_iptc_2007-02-28T105806Z_01_NOOTR_RTRIDSP_2_BUSINESS-MARKETS-GLOBAL-COL-tm.jpg\" height=\"100\" width=\"100\" border=\"1\" hspace=\"4\" vspace=\"4\" alt=\" Reuters Olcabus Iptc 2007-02-28T105806Z 01 Nootr Rtridsp 2 Business-Markets-Global-Col\" \/><\/a> From BusinessWeek:\n<\/p>\n<blockquote><p>\nThe shock wave set off by a plunge in Chinese stocks reflected intense foreign interest in the nation&#8217;s economic health, but it was jitters over Iran and a possible slowdown in the U.S. economy that turned the drop into a global rout, analysts said Wednesday.<\/p>\n<p>They expressed surprise that the 8.8 percent drop Tuesday in China&#8217;s markets, which Beijing keeps closed to most foreign investors, could drag down stock prices in New York, Tokyo and elsewhere.\n<\/p><\/blockquote>\n<p><!--more--><\/p>\n<blockquote><p>\n&#8220;Markets were on edge, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Economy_of_the_People%27s_Republic_of_China\" target=\"_blank\">China is the biggest emerging market,<\/a> something bad happened in China, and that was it,&#8221; said economist Stephen Green at Standard Chartered Bank in Shanghai.<\/p>\n<p>&#8220;But if you look at fundamentally what changed (in China), nothing new happened,&#8221; he said. <a href=\"http:\/\/www.businessweek.com\/ap\/financialnews\/D8NIV4B80.htm\">[Full Text]<\/a>\n<\/p><\/blockquote>\n<p>\n<a href=\"http:\/\/news.google.com\/?ncl=1113899680&#038;hl=en\" target=\"_blank\">This topic on the Web<\/a>, via Google News.  Read also: CDT&#8217;s coverage on <a href=\"\/wp-content\/uploads\/mt-old\/tag\/stock+market\" target=\"_blank\">stock market in China<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From BusinessWeek: The shock wave set off by a plunge in Chinese stocks reflected intense foreign interest in the nation&#8217;s economic health, but it was jitters over Iran and a possible slowdown in the U.S. economy that turned the drop into a global rout, analysts said Wednesday. They expressed surprise that the 8.8 percent drop [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2],"tags":[4534,388],"class_list":["post-11437","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","tag-black-tuesday","tag-stock-market","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China selloff shows rising global status - Joe McDonald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2007\/02\/china-selloff-shows-rising-global-status-joe-mcdonald\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China selloff shows rising global status - Joe McDonald\" \/>\n<meta property=\"og:description\" content=\"From BusinessWeek: The shock wave set off by a plunge in Chinese stocks reflected intense foreign interest in the nation&#8217;s economic health, but it was jitters over Iran and a possible slowdown in the U.S. economy that turned the drop into a global rout, analysts said Wednesday. 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