Brought about because of the surprise stock market crash in China, the US’ markets reacted quite negatively to the news that Asia’s largest economy was losing steam. Entering a period that has been described as quote – “the new normal” – China is no longer experiencing the starburst or runaway development that marked its last three decades.
After finally becoming a supergiant in its own right, China’s economic slowdown was inevitable, judging by the markets’ reactions, it still seems to have taken the whole world off guard.
Sergei Oznobischev, Director os the Russian Institute for Strategic Assessment (studio guest), Pekka Vilyakainen, Finnish businessman and Adviser to the President of the Skolkovo Foundation (from Helsinki), Chris Rupkey, Managing Director and Chief Financial Economist at The Bank of Tokyo Mitsubishi UFJ, Ltd (from New York) and Richard Magda, american businessman working in Moscow commented on the issue.
