Here's what analysts are saying about China's 'Black Monday'

Advertisement

An investor reacts in front of an electronic board showing stock information at a brokerage house in Taiyuan, Shanxi province, May 9, 2013. China shares rose on Friday to close out their second-straight weekly gain, helped by strength in property-related counters as robust April sales from some developers overshadowed a pledge by the central bank to focus on containing inflation. Picture taken May 9, 2013.

REUTERS/Jon Woo

An investor reacts in front of an electronic board showing stock information at a brokerage house in Taiyuan, Shanxi province, May 9, 2013.

Chinese stocks were absolutely hammered overnight on Monday, tanking 8.5% in what observers are calling the Shanghai Composite's "Black Monday".

Advertisement

The chaos - which has been bubbling away in Chinese markets for months - has spread to global markets, with European stock exchanges swallowing steep losses this morning.

China's slump obviously has big implications for the global economy. Here's a round-up of what analysts and economists are saying about the whole thing.