President Xi Jinping has his eyes fixed squarely on one goal for the Chinese economy — moving it from an investment-based economy to one based on consumption.
To do that, of course, you must have consumers.
Unfortunately for those plans, consumers are getting absolutely crushed in the stock-market crash the country has been experiencing since June 12.
Read more... http://www.businessinsider.com/china-crash-is-making-the-rich-richer-2015-7
