Since the 2007 global recession, China has remained an economic powerhouse, the hallmark of reliable growth and stable investment. But this summer Chinese stocks have plunged almost 40 percent, rattling investor confidence in Beijing's ability to control the market and guide the world's second largest economy. Some China observers say "Black Monday" is just the beginning of the end of China's economic miracle. Will declining confidence in Beijing prompt reforms? Will the government continue cracking down on critics?
Is China's Economic Instability a Political Crisis?
More
- The Economist on 'the great fall of China'
- Ma on the politics of China's market decline as more worrying than the economics
- Soll's 'The Reckoning: Financial Accountability and the Rise and Fall of Nations'
- Soll on the Chinese crisis as echoes of the Soviet Union and 16th-century Europe
- Mei Fong's 'One Child: The Past and Future of China's Most Radical Experiment'
Credits
Guests:
- Clay Shirky - New York University
- Damien Ma - Paulson Institute
- Jacob Soll - University of Southern California - @jakesoll
- Mei Fong - New America Foundation - @meifongwriter