China’s stock markets could be stabilizing

Global Business

China Stock Market Frenzy In this photo taken Tuesday, June 30, 2015, a stock investor watches the screen at a brokerage house in Fuyang in central China’s Anhui province. Chinese authorities are scrambling to reassure jittery investors after soaring stock markets plunged, threatening to set back economic reform plans. The market benchmark soared 150 percent from the start of the boom late last year in one of the world’s fastest runups. It hit a peak June 12 and then reversed course and plunged 28 percent. It rebounded temporarily Tuesday, June 30, before losing 5.2 percent on Wednesday, July 1. (Chinatopix Via AP) CHINA OUT

The Chinese stock markets appear to be pulling back from the brink. The benchmark Shanghai Composite rose 2.5% during Monday’s session and it closed up last week with a 5% gain. Is the wild ride over, and are the markets stabilizing?

The latest measures from regulators involved cracking down on “grey-market” margin lending, which has been a big problem because the markets have been flooded with highly leveraged stock bets. CCTV America’s Michelle Makori speaks to Joey Lake, Global Economist of The Economist Intelligence Unit.

Joey Lake on China stock

Joey Lake on China stock

Chinese Stock markets appear to be pulling back from the brink. The benchmark Shanghai Composite up 2.5% in Monday's session it closed up last week with a 5 Percent gain. Is the wild ride over are markets stabilizing. The latest measures from regulators involved cracking down on "grey-market" margin lending, this has been a big problem because the market has been flooded with highly leverage stock bets. For more, CCTV's Michelle Makori speaks to Joey Lake, Global Economist of The Economist Intelligence Unit.