China's Big Economic Hiccup (Tom Ashbrook, On Point)

If it weren’t for the drama of Greece and Iran and South Carolina, the big story of the summer of 2015 would almost certainly be China and its wild stock market. The Shanghai Index, up over 150 percent in the year to early June. And crashing down a full third in the weeks since then. The government in Beijing intervening like crazy to halt the slide. Pumping in an ocean of cash. Suspending trading in a thousand companies. China’s economy is more than its stock market, but the whole world’s been watching. This hour On Point: China’s wild ride, and consequences for the world. / Tom Ashbrook
Interview:
https://onpoint.wbur.org/2015/07/15/china-stock-market-crash-results