Overnight weakness in China resulted in the second trading halt of the week in that country's market. Circuit breakers were triggered after just 29 minutes — the shortest session it's ever had.
Is this a sign that China doesn't know how to manage its market? According to CNBC's Jim Cramer, that's exactly what it means.
"They obviously don't really know how to handle their own markets. Remember, they are playing it by ear," he told CNBC's "Squawk on the Street" on Thursday. "You have to expect, unless they do something, it will be down 7 percent again, because you can't bounce. No market can bounce."