Dennis Chung - file photo
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Financial Analyst Dennis Chung believes Jamaica should pay close attention to the fallout over fears about the state of China's economy.
World stocks and oil prices plunged on Monday as a global sell off accelerated, due to jitters about the health of China's economy. Stocks in China crashed and all Asian markets suffered major losses.
Mr. Chung told RJR News that Jamaica could feel the ripple effects, but he does not believe it will be all negative, particularly given the fact that the price of oil is going down.
Lose ground
Chinese shares continued to lose ground on Wednesday, despite the country's central bank's latest effort to reassure traders.
The mainland's benchmark Shanghai Composite was down 1.1% after a volatile open.
The index had already fallen about 16% this week, sending shockwaves through global markets.
On Tuesday, China's central bank cut its key lending rate by 0.25 percentage points to 4.6%, in an effort to calm stock markets after the previous days' turmoil.
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