today more positive news in the markets. they are all over the place. very volatile. although stocks have moved in to positive territory, there are major concerns about what this says about the world s second largest economy. david mckenzie looks at the potential impact. reporter: some say the bubble has burst. some say it is a stock market crash. how bad is the epic slide of chinese stocks? chinese stocks have been on an epic slide. in three weeks the shanghai composite lost a third of its value. to put it in perspective, some say it is worse than the greek economic meltdown. with the loss in value being ten times more than the entire greek gdp. the chinese stock market is not like the new york stock exchange. the government has a huge amount of control over it all the time. it can only go up a certain amount and down a certain amount
crash. how bad is the epic slide of chinese stocks? chinese stocks have been on an epic slide to. put it in perspective some say it s worse than the greek economic meltdown with the loss in value ten times more than the entire greek gpp. the chinese market is not the new york stock exchange. the government has a huge amount of control all the time. it can only go up a certain amount and down a certain amount. but every day it is bleeding value. they stopped ipos and injected cash to try to stop the slide and they are saying there should not be a panic sentiment in the market. but by even saying that perhaps, they are driving more panic. what about the chinese people? individual vestinvestors have been hurt by the slide. millions have piled into the market because of loosening