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Garnry: Why China's equity meltdown is not a crisis
China's stock market fell 7% and for the second time this week was shut after the fall triggered circuit breaks.
Saxo's Peter Garnry says although Chinese equities are down around 40% since their peak he does not think this is a 'crisis'.
He discusses the more positive data coming out from both the Eurozone, such as German manufacturing figures, and the United States. He also explains why the Chinese situation is more about a liquidity and deleveraging selloff and when it ends there will be upside potential in European equities.
01:24 minutes
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