The news was about “China” is the single most common answer given by those who work in financial markets. They talk about fears of a sharp deceleration in the world’s second largest economy. They see these fears triggering a wave of panic selling from investors around the globe. Brian Jackson, Beijing-based economist with IHS Economics, stressed that the government has had some policy success, citing an overall stable construction sector and rebounding housing demand. "Most other parts of the economy have indeed slowed in the past year, but only gradually," he wrote."In any case, we don’t view China’s stock market as a very good indicator of the overall health of the economy, given it remains so trivial in its linkages to the rest of the economy.