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The China contagion that never was

Markets aren’t worried about China contagion – and you shouldn’t be, either

by David P. Goldman August 19, 2023August 22, 2023

The China property market shakeout is not contagious enough to herald a full-scale financial crisis. In this file photo a man wearing a face mask walks past a stock market display board showing Hang Seng Index results Photo: AFP / Miguel Candela Poblacion / Anadolu

The price of hedging China risk on world markets hasn’t fluttered during the past couple of weeks, which means that investors with real money on the line and speculators looking for a score aren’t worried about China’s property market.

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