Opinion: Risks Facing China’s Markets From the Global Financial Turmoil

Since the 1980s, every time the U.S. Federal Reserve goes on an interest rate hiking cycle, it has led to varying degrees of turmoil in global financial markets.

This includes the U.S. savings and loan crisis and Latin American debt crisis in the 1980s, the 1995 Mexican peso crisis, the 1997-1998 Asian financial crisis, the 1998 Russian financial crisis, the 2001 Argentine crisis, the 2007-2008 U.S. subprime mortgage crisis, the 2010-2012 European sovereign debt crisis, the 2013-2015 “taper tantrum” turmoil, and the current global financial market instability.