Paragon Offshore plc (fka PGNPQ)

[gta3uzi]

China's Shanghai Shenzehn index has dropped some 30% in the past month.

If this drop equates to a slump in their wider economy I think it could have an impact on their oil imports. This is a problem because China's imports account for some 14% of the world oil trade.

The good news is Chinese regulators have already loosened monetary policy to try and arrest the current drop in equities. This should have the simultaneous effects of bolstering both investor balance sheets and product exports allowing the country to maintain some level of regularity with regard to imports and ongoing production cycles.