kong. we'll keep an eye on. that but for more on the asia-pacific markets let's go to cnn's steven jiang. he joins us from beijing. this volatility is not unexpected, is it? a lot of people saying this is more about a correction. >> reporter: that's right, rosemary church. as you see the shanghai composite regained much of the losses it experienced in the session. now down less than 1%. as you were pointing out, a lot of people have said this market here, the chinese statistic was not reflective of the real economy. before the june 12th crash the stock market had been experiencing a year-long bull run even though the economic growth here in china had been slowing down considerably with a lot of bleak economic data coming out including manufacturing numbers, export