What was the 2015–2016 worldwide stock-market sell-off triggered partly by China’s slowdown called?

The 2015–2016 worldwide stock-market sell-off triggered partly by China’s slowdown was called the 2015–2016 stock market selloff.

The episode began amid sharp turbulence in Chinese equities during 2015. Investors worried about China’s economic growth, industrial overcapacity, falling commodity prices, and the government’s handling of its exchange rate and stock market. Chinese markets fell heavily in June and July 2015 and again in August.

International markets were affected because China had become central to global trade and commodity demand. On August 24, 2015, often nicknamed Black Monday, major indexes in several countries recorded steep declines. Volatility returned in early 2016.

The sell-off was not the same as the 2008 global financial crisis. Banks and housing markets were not at the center of the event, although concerns about global growth and financial contagion were widespread.