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Here's what analysts are saying about China's 'Black Monday'

Oscar Williams-GrutAug 24, 2015, 15:47 IST

An investor reacts in front of an electronic board showing stock information at a brokerage house in Taiyuan, Shanxi province, May 9, 2013.REUTERS/Jon Woo

Chinese stocks were absolutely hammered overnight on Monday, tanking 8.5% in what observers are calling the Shanghai Composite's "Black Monday".

The chaos - which has been bubbling away in Chinese markets for months - has spread to global markets, with European stock exchanges swallowing steep losses this morning.

China's slump obviously has big implications for the global economy. Here's a round-up of what analysts and economists are saying about the whole thing.