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The Economist.

From The Economist in London, this is Money Talks, a weekly conversation around themes in the worlds of business, finance and economics.

I'm Stan Penel, the banking editor, and this week of course we're looking at the one thing the world is worried

about, which is the Chinese stock market route, which has been exported to the rest of the world.

Joining me to try and make sense of it are the Asia editor Don Ziegler and our finance

editor at McBride. To put it in some sort of context the Shanghai Stock Exchange

continued its hasty descent on Tuesday but unlike Monday it wasn't followed

by markets tumbling in Europe or America. So after a bit of a panic at the start of the week things

feel well a little less panicky. Still questions have been raised about the health

of the Chinese economy and doubts over its strength have had an impact on

everything from oil prices

to when the Fed will raise interest rates or indeed whether this is the start of a

full-blown financial crisis. Ed let's start with you. Are people making too much of this?

China, after all, remains a communist economy.

The Shanghai composite as an indicator is hardly the equivalent of the S&P in America or the Dax in Germany.

...