China markets get obliterated. This is why you need to pay attention.

It’s been an ugly week for Chinese equities, but today’s performance is a whole other level of ugly:

Today marked the fourth largest decline of the Shanghai Composite in two decades.

Today the benchmark Shanghai Composite plunged 6.4%. That brings the carnage for the week down a total of 13.3%.

Next stop?

All major stock-market reversals are worthy of attention: But this is different.

This is the world’s second largest economy, and it’s a house of cards.

China is primed for collapse.