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Business Matters: Chinese Nerves as Market Reopens

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Concerned Chinese Investor

28/07/2015

Chinese Nerves as Market Reopens

BBC World Service - Business Matters, Chinese Nerves as Market Reopens

Will China's markets hold their nerve after heavy losses on Monday?

China's markets reopen after the Shanghai stock market suffered its second-biggest fall in its history on Monday, falling 8.5%.

China's markets will reopen today after the Shanghai stock market suffered the second-biggest fall in its history on Monday, falling 8.5%. But as Chinese authorities step in to try and stop the equity rout, we ask is this just a short term fix?

According to oil consultancy firm Wood Mckenzie, the world's big energy groups have shelved $200bn of spending on new projects after the fall in the oil price. We speak to Lynn Cook, deputy Texas bureau chief at the Wall Street Journal.

An American billionaire philanthropist believes he has hit on a solution to the world's numerous refugee crises - create a new country for them all to live in.

Also, a group of the world's most prominent scientists and 'techies', including professor Stephen Hawking and Elon Musk, have signed an open letter calling for a global ban on 'killer robots'. Heather Roff Perkins from the University of Denver helped draft the letter and tells us more.

And our guests throughout the programme are Catherine Yeung from Fidelity in Hong Kong and Elizabeth Nolan Brown from the online news site reason.com in Washington.

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