China’s stock market has plunged more than 30 percent over the past month. Yesterday, the benchmark Shanghai composite index fell another six percent. Chinese authorities have taken unprecedented steps to stop the slide, including ordering brokers to buy and shareholders not to sell. So far, nothing has worked and Chinese investors have lost tens of thousands of dollars. Some say the market collapse is just a correction from a bubble caused by margin trading and easy money chasers. Others say it’s a sign of deeper problems in the Chinese economy. We discuss the stock market crash in China and what it could mean for the ruling party and global economies.
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