China is a black box
During this time, investors have been mostly concerned about the impacts of currency devaluation and the Shanghai Composite's dramatic moves.
However, at a conference hosted by Lombard Street Research on Wednesday, China-watchers emphasized something different: politics.
They all mentioned that it's nearly impossible to tell what's happening in Beijing's inner political circle. And, since politics and economics in the world's second largest economy are so intertwined, that makes it that much more difficult to tell what is happening, and what will happen, in the country.