Which 2015–2016 crash centered on China's falling share prices and market turmoil?

Chinese stock-market turbulence describes the 2015–2016 crash centered on China’s falling share prices and market turmoil.

China’s mainland stock markets rose sharply in the first half of 2015, with substantial participation by individual investors and extensive margin financing. Prices began falling in June, and the Shanghai Composite Index lost a large part of its value over the following weeks. Government interventions included trading suspensions, restrictions on some sales, and support measures.

A second wave of global anxiety followed in August 2015 after China adjusted its currency-management approach and markets interpreted the move as evidence of economic weakness. The turbulence continued into early 2016, when market circuit breakers were introduced and quickly abandoned after worsening selling.

This episode is not the same as the 1997 Asian financial crisis. It was concentrated in China’s equity markets, although concerns about Chinese growth and currency policy affected investors worldwide.