“Growth is certainly slowing, but the problem with this view is that the Chinese stockmarket has only ever had a tenuous relationship with reality.” The Economist on China’s stock market circuit breakers and the 14 minutes of trading felt around the world.

+ Chinese market woes have hammered world markets. But according to a senior partner at one big American brokerage house: “There‘s no panic yet from talking to clients.” (Screaming, crying, and an uptick in the sale of Depends. But no panic.)

+ Is this about the Chinese stock market or the broader Chinese economy? Yes. The NYT on why China is rattling the world.