China no longer engine of global growth
On Tuesday, it was another large fall in Chinese shares as The Shanghai Composite index tumbled 7.6 percent. In an effort to stop the bleeding, the People’s Bank of China cut interest rates for the fifth time since November. The central bank has also lowered the reserve requirement ratio. Ameera David weighs in. Then, Ameera sits down with Max Wolff, chief economist at Manhattan Venture partners, to continue the conversation on China.
After the break, Boom Bust’s Bianca Facchinei reports on the refugee crisis now gripping Europe. As the refugee crisis in Europe escalates, several countries are responding with aggressive police tactics, like using stun guns and tear gas against the refugees, or building walls at the border. Then Boom Bust’s Erin Ade tells us how concern over China might be affecting the IPO market. And in The Big Deal, Ameera and Edward Harrison talk about the huge Chinese debt burden that has developed since 2007 and what impact it will have on China and the global economy.
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