The recent sell-off in the Chinese stock market has largely coincided with a global share tumble driven in good measure by worries about the impact of rising U.S. interest rates, growing concerns about China's economic momentum and fears over the trade war between the two countries.
The truth, however, is that the troubles of Chinese equities run much deeper than those driving the market turmoil in many other countries. While soothing talk of official intervention may have reversed the market's slide during Friday's trading session, stabilizing the market for the longer term will depend on the authorities addressing more fundamental issues.
