I am sure you all have seen the news recently about China and its debt situation. Currently, China's debt is approx $3 trillion.
"IPOs have been shut down, short-selling has been banned, more than 700 shares – about a quarter of the market – have been suspended from trading, and, oh yes, a government-backed fund is buying billions of dollars worth of stock" (Fortune).
So my question is that will this situation cause another global market crash? How will it affect the US market? And what steps should investors/businesses take to prevent another 2008 from this point on?
Just curious about the situation