China's market sideshow turns into main event

According to this article from Bloomberg, published Wednesday 28 February, the only thing that is surprising about this week's plunge in Chinese stocks is that anyone would be surprised.

"It's not about being a doomsayer or a cynic -- it's about recognizing that bubble-like conditions are popping in markets from Shanghai to Istanbul to New Delhi and elsewhere," the article says.

"So welcome to the brave new world of global finance, one in which hiccups in Shanghai will increasingly shake up

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