Pride always comes before destruction.... -Proverbs 16:18
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Australian investment bank Macquarie's "Macro Monday" note on China presents a worrying snapshot of the country's economy. Headlines have been dominated by the country's recent stock market collapse, which so far hasn't spilled over to the wider economy. But, as Macquarie points out, that's just one of several big issues facing China right now. Below are 4 of the scariest charts. Despite huge levels of intervention from Beijing, stock markets are still diving. Last week alone the benchmark Shanghai Composite fell 10%. Between its peak in June and its low in July the index collapsed over 30%. Clearly there's still a ... (full story)