After an 8.5% drop in the Shanghai Composite Index stock markets around the world recoiled in sympathy!
But why, you may be asking, is the world so afraid of the goings on in China?
Because while the communist nation has a quasi-capitalist economy, there’s a great deal of difference between here and there when you actually take a closer look under the hood!
Article written by Michael Haltman, President of Hallmark Abstract Service in New York.
HAS is a provider of title insurance in New York State for residential and commercial real estate transactions.
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