[adventured]

It's poor speculation.

China's growth has been trending down for a decade plus. The fundamentals of their economy continue to get worse by the year. Keeping that picture in mind, their stock market lifted off to insane heights, in a matter of months, for absolutely no good reason other than a flood of margin that was encouraged by the State.

China's stock market crashed because it went up drastically for reasons that were never going to be able to support the new levels (ie not due to growth or general improvement in economic fundamentals).

The US has also not been crashing their real estate market the past year. That too is a mess of their own making.