Matthews Asia: China Market Update

China Market Update by Andy Rothman, Matthews Asia China’s equity markets have been in steady decline for several weeks, raising a lot of questions about the potential impact on the world’s second-largest economy. Given that China accounts for more global growth than the U.S., Europe and Japan combined, this is an important topic for investors. As of the Thursday, July 9, close, the main index for A-shares, the Shanghai Stock Exchange Composite Index (SHCOMP), was down 28% from its June 12 peak. This index is still up 15% year-to-date and is up 82% from a year ago. The volatility of…