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China’s Walled-Off Market May Still Bleed into the Global Economy
Nearly 7,000 miles away from the storm, Wall Street is trying to determine what the turmoil in China’s markets means for investors here. By Tuesday U.S. traders seemingly weren’t worried anymore, pushing the Dow up more than 200 points. It’s not a bad bet. There are good reasons to believe China’s stock market travails won’t jump directly to other equities markets. Not directly, mind you. Despite Beijing’s recent moves to reform and open its capital markets and attract more foreign investors, there are still walls blocking them. For one thing, China only in November allowed foreigners direct access to ... (full story)