×

China stock crash will hit economy: Credit Suisse

An investor watches the electronic board at a stock exchange hall in Fuyang, China.
ChinaFotoPress | Getty Images
An investor watches the electronic board at a stock exchange hall in Fuyang, China.

A major investment firm has knocked down the theory that China's parabolic bear market won't affect the country's economy. (Tweet This)

U.S. investors are counting on this decoupling in order to justify buying stocks like Apple despite the China market swoon.

The plunge in mainland Chinese stocks hurts the country's strong financial sector and consequently does weigh on economic growth, Credit Suisse said in a note Wednesday.

  • Patti Domm

    Patti Domm is CNBC Markets Editor, responsible for news coverage of the markets and economy.

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • Senior Producer - Breaking News

  • Dominic Chu

    Dominic Chu is a markets reporter for CNBC.

  • Evelyn Cheng CNBC

    Evelyn Cheng is a markets writer for CNBC.

  • Sara Eisen

    Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.

Market Strategist Survey