Why China's Stock Market Crash may be Deadlier than Greek Exit

The China and the Greece drama started almost around the same time. On 26th June 2015 (Friday), the Shanghai stock index fell 7.4% in a single day and investors were relieved that a meaningful correction in the Chinese stock market would lead to a more healthy upwards trend. Things seemed to be going well at the Greece end as investors were positive that the Greek government would be able to come to an agreement with her creditors before the IMF repayment deadline on 30th July.

Things started to unravel over the weekend.