Hugh Stephens is a senior fellow at the Asia Pacific Foundation of Canada, and an associate faculty member in the school of business at Royal Roads University in Victoria. Yves Tiberghien is director of the University of British Columbias Institute of Asian Research and a senior fellow at the Asia Pacific Foundation of Canada.
This weeks meltdown in China has generated understandable concern. The worlds second-largest economy faces significant market turmoil: Should we be concerned? Yes. Should we panic? No, although there is a risk that panicky behaviour could spread to markets outside China.
Chinas volatile stock market is not a proxy for its economy; in fact, there is considerable disc…
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