China Risks Exporting Market Volatility Like Never Before

  • Country has increased connection with global financial system
  • Stock swings widest since 2016 as trading reopened this week

A man wearing a protective suit and carrying a backpack of disinfectant walks through a neighborhood in Shanghai on Feb. 5.

Photographer: Qilai Shen/Bloomberg
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China’s expanding links to the global financial system means it’s harder than ever for the nation to keep its own troubles from spilling over to the rest of the world.