Chinese government steps up effort to save market

Global Business

After the Shanghai and Shenzhen stock exchanges closed down again for a fifth straight trading day, China has announced more steps to re-energize its sagging markets and slowing economy.

CCTV’s Roee Ruttenberg filed this report.

Chinese government steps up effort to save market

After the Shanghai and Shenzhen stock exchanges closed down again for a fifth straight trading day, China has announced more steps to re-energize its sagging markets and slowing economy. CCTV's Roee Ruttenberg filed this report.

More details:

  • Chinese companies which lease things like ships, planes, farm equipment and medical supplies will be able to register their businesses more easily and import and export goods more simply. Authorities also said they’ll create more financial leasing firms to deal with the uptick in demand.
  • In a separate action, the country’s central bank would pump an additional 140 billion yuan, roughly 22 billion dollars into the financial system, which is another move to promote economic activity. The aim is to help ensure China stays on track to meet its 7 percent growth target this year. The moves failed to calm China’s jittery markets.

Anil Gupta on China’s economy
Anil Gupta spoke with CCTV America to provide his insight on the current economics situation in China. He is the Michael Dingman Chair in Strategy, Globalization and Entrepreneurship Smith School of Business at The University of Maryland.

Anil Gupta on China\'s economy

Anil Gupta spoke with CCTV America to provide his insight on the current economics situation in China. He is the Michael Dingman Chair in Strategy, Globalization and Entrepreneurship Smith School of Business at The University of Maryland.

Yukon Huang on global economy

For more on the global economy, CCTV’s Elaine Reyes spoke to Yukon Huang. He is a senior associate in the Asia program at the Carnegie Endowment for International Peace.

Yukon Huang on global economy

For more on the global economy, CCTV’s Elaine Reyes spoke to Yukon Huang. He is a senior associate in the Asia program at the Carnegie Endowment for International Peace.


Li-Gang Liu on China’s stock market

For more on China’s stock market, CCTV’s Michelle Makori spoke to Li-Gang Liu. He is a Chief Economist for the Greater China region with ANZ Research.

Li-Gang Liu on China\'s stock market

For more on China's stock market, CCTV's Michelle Makori spoke to Li-Gang Liu. He is a Chief Economist for the Greater China region with ANZ Research.


US market reaction to China’s stock crash

Over the past few days, global stock markets have been on a roller coaster ride as investors have been trying to assess the severity of China’s economic challenges. Today though, things were looking up on Wall Street. CCTV’s Karina Huber filed this report.

US market reaction

Over the past few days, global stock markets have been on a roller coaster ride as investors have been trying to assess the severity of China's economic challenges. Today though, things were looking up on Wall Street. CCTV's Karina huber filed this report.