The Shanghai Composite Index dropped 6.4 percent last Friday, capping a 13 percent decline during a week, which some believe is the beginning of China’s stock market bubble bursting.
The percentage decline last week was the biggest weekly drop for the index since 2008, when the index crashed during the financial crisis.
Last week’s pullback followed months of speculation about a correction for the world’s best-performing stock market.
A chart of the closing prices of the Shanghai Stock Exchange's composite index since 2005. Fan Yu/Epoch Times
