It’s been an ugly start to the year for China, with Chinese stocks in Hong Kong falling to global financial crisis lows. To make things worse, Chinese officials seem befuddled about how to respond to the financial turmoil. Bloomberg Businessweek’s Peter Coy takes a look at how China’s mess affects the world, and explains why the U.S. economy is still relatively insulated.
[youtube height=”536″ width=”1000″]https://www.youtube.com/watch?v=oZ8K-gbxJVI[/youtube]
What Chaos in China’s Markets Means for the World… and You
It’s been an ugly start to the year for China, with Chinese stocks in Hong Kong falling to global financial crisis lows. To make things worse, Chinese officials seem befuddled about how to respond to the financial turmoil. Bloomberg Businessweek’s Peter Coy takes a look at how China’s mess affects the world, and explains why the U.S. economy is still relatively insulated.
