NEW YORK (CNNMoney) -- Contact lenses, diamonds and boiled eggs are things that are better hard than soft. But economic landings in China? That's a different story.There are increasing concerns that China's economy, while still growing at a pace that's the envy of just about every other nation, may cool off more quickly than hoped. Chinese stocks have been crushed in the past few days as a result.
The Shanghai Composite (SHCOMP) is down more than 5% in just the past five days and is now up only about 2% year-to-date. That lags the gangbuster performance of the U.S. stock market this year. But China's market had been rising in tandem with the S&P 500 (SPX) until the hard landing fears cropped up.
Shares of Chinese companies that trade in the United States have suffered too. Industry leaders Aluminum Corp. of China (ACH), China Eastern Airlines (CEA), China Telecom (CHA) and oil company CNOOC (CEO) are just a few examples of Chinese companies that have tumbled in the past few days. Read More
