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Garnry: Why China's equity meltdown is not a crisis

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January 07, 2016 beijing, beijing stimulus, china, china economy, china economy growth, china equity market, china gdp, china growth, china manufacturing, china outlook, china politics, china rates, china slowdown, chinese, chinese economy, cny, equities, equities trading, equity, equity market, equity markets, equity portfolio, equity research, equity strategy, equity trading, eur, euro, europe, eurozone, german, german economy, germany, germany economy, peoples bank of china, remnimbi, saxo bank, saxo tv, trading, tradingfloor.com, united states, us economy
China's stock market fell 7% and for the second time this week was shut after the fall triggered circuit breaks. 

Saxo's Peter Garnry says although Chinese equities are down around 40% since their peak he does not think this is a 'crisis'. 

He discusses the more positive data coming out from both the Eurozone, such as German manufacturing figures, and the United States. He also explains why the Chinese situation is more about a liquidity and deleveraging selloff and when it ends there will be upside potential in European equities.