Think Wall Street had a bad year? China’s was worse

While the Dow and other major US indexes have plunged in recent weeks, the sell-off in China started much earlier and has been uglier.

The benchmark Shanghai Composite slumped into a bear market — a 20% fall from a recent high — in June. And things have gone further downhill since then. Hong Kong’s Hang Seng, which is packed with big Chinese companies, followed Shanghai into bear territory in September.