The world’s second largest economy is showing danger signs. The Shanghai Composite index has fallen by a third in one month’s time.
The declines come despite desperate measures by the Chinese government to prop up stock prices.
More than 1,300 companies — representing about 40 percent of the value of companies on the mainland — have halted trading in an effort to stop the slide.
Between June 2014 and June 2015, the Shanghai Composite index rose by 150 percent. A big reason for the stock market rally was that a lot more people started buying stocks with borrowed money. This practice, known as “trading on margin.” Margin trading used to be strictly regulated by the Chinese government, but Chinese authorities have gradually relaxed these requirements over the last five years.
What does this plunge in the Chinese stock market mean for the Chinese and the world economies?
Dr. Lei Mao explains the significance and predicts little contagion to other world economies.
Economists view the world differently than you and I, and their perspective often challenges our beliefs.
Some know economics as the “dismal science”. Stephen Dubner is anything but dismal, however. He’s co-written the Freakonomics series of books that make economics fun.
We tackle some of life’s perplexing problems from an economist’s point of view to provoke your thinking.
Did you know there’s a trait common to all creative people? Whether it’s Steve Jobs, Pablo Picasso, George Lucas, Thomas Edison or Henry Ford, they all share one thing—they’re highly emotional about what they create.
Barnet Bain explores the connection between creativity and emotion and provides different ways to help others re-establish—or reconnect—with their inner creativity.
We discuss the implications of what this means for the individual and society, in general, from his book titled, The Book Of Doing And Being.
When you think of high-speed, high-impact businesses, you might think of Google, Facebook, Apple or Amazon. These four businesses, however, are the tip of the iceberg.
Jason Jennings believes businesses—including legacy, low-tech ones—can create urgency and growth in a nanosecond culture.
We discuss the implications business, the economy and society in general from his book, The High-Speed Company.
Oil and gas prices continue to fall to the some of the lowest levels in decades.
The availability of shale oil and gas available in the United States has lowered our overall dependence on foreign oil and driven prices downwards.
What impact will the falling gasoline prices have on the future of electric cars?
Joining me to discuss this issue is Michael Farkas, CEO of Car Charging Group, Inc.
At the outbreak of World War II, the United States was in no way prepared for war.
And, to defeat Nazi Germany, the Allies had to crush the vaunted Luftwaffe—the most powerful and battle-hardened air force in the world. No invasion of Europe could be fought without air superiority.
The United States was faced with the challenge of turning “amateurs” into an air force to take down the Luftwaffe.
Jay Stout has written the first in-depth examination of America’s most distinguished bomber group—the 303rd Bomb Group flying from Molesworth, England.
His book, Hell’s Angels: The True story Of the 303rd Bomb Group in World War II, chronicles America’s efforts to destroy Nazi Germany’s ability to wage war.