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.

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