China's Central Bank has accused America in the collapse of the stock market. Foreign experts believe that the plan of the United States to tighten monetary policy was the main prerequisite for displacement in a worse situation in the stock markets.

Director of the financial Institute at people's Bank (the Central Bank) of China Yao Yudong said the reasons for the collapse of the stock markets of the state. Adept controller said that the sudden increase in the negative trends of the financial situation happened as a consequence of the intentions of the Federal reserve system (fed) of the United States to tighten monetary policy in September 2015.

Yudong believes that the projects of America, aimed at increasing the rates in consequence of the fall of the stock market, can lead to the global financial crisis. "This news became the trigger that triggered the uncontrolled wandering of the market", - quotes the expert TASS citing China Daily.

"The increase in interest rates may cause a fall American shares, this could entail the sale of assets around the world that will culminate in a major new monetary crisis," explained Yudong. However, the Director of the people's Bank of China advised the fed to remain calm, while the level of economic stagnation in the United States will not reach 2%.

Remember, August 25 trading on exchanges in mainland China ended in a deep price to drop. The Shanghai Composite index, reflecting the situation on the Shanghai stock exchange, lost 244,94 paragraph (7,63%), having fallen to a mark 2964,97. Index Shenzhen Component, which is the main indicator of business activity on the trading platform in Shenzhen, tumbled 772,35 paragraph (7,04%), closing at the value 10197,94. Over the past 6 trading days, the Shanghai Composite index lost 26%, the lowest this year value.

U.S. stock markets also have a decrease. The main stock indexes of the United States on August 25, during the session have experienced significant turmoil. The main indicator of business activity in the U.S. to the closure declined by 1.29% to 15666,24 item. An index that includes the 500 largest firms in the U.S. market, fell 1.35% to 1867,62 item.
sections: Economics, World News