China panic sweeps the world – here's what that means for you

Plunging Chinese stocks have sent shockwaves around the world. Andrew Van Sickle looks at what that means for your money.

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When even Beijing's official state news agency starts talking about "Black Monday", you know something serious is happening. The Shanghai Composite Index suffered its worst one-day slide since 2007 last Monday, losing 8.5% and wiping out all its 2015 gains. The shockwaves spread around the world, with many markets posting daily falls not seen since the global crisis.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.