If you're bearish on China, you're making money today.
China's benchmark stock index, the Shanghai Composite, lost 5% in overnight trading. The decline took the index to its lowest low since May 2009. Real estate developers and commodity producers suffered the biggest falls… many in the 6%-10% range.
Legendary short seller Jim Chanos calls China's real estate sector the biggest bubble in the world. This stock market weakness is starting to prove him right.
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