China Stocks Plunge In Pandemic
All eyes today in the financial markets are looking at China, which is seeing a massive devaluation of stocks.
Hundreds of companies have requested that their traded shares be suspended.
Over the last month nearly 30% of the market value has evaporated.
While the impending Grexit was thought to have been this week's top news story, China is now front and center stage.
For tourism players the downturn may very well be immense.
Again 2015 is shaping up by disruptive events across the globe.
Should the Euro drop and the Chinese travel market retract, Phuket may soon be wishing for a return to the good old days.