It seems that everyone "knows" the Chinese stock market is a bubble about to pop. That makes me think that when there is some sort of crash in Shanghai, it won't have as much impact on World markets (much less World economies) as everyone is fearing. I could easily see China having a 1987-type event. It will seem like a big deal at the time, but in the long run, it won't be much more than a blip in an ongoing multi-decade mega-bull. Chinese J6P-types need to be shaken out of the market (as their American counterparts were in 1987 and again in 2000) to prepare for a more sustained advance.
I would tend to agree. Maybe a little sell off if it were to happen but nothing like the one in Feb. Then more up, up,up.