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This is CBS, I In The World. I'm John Batchin. The Scholar Report with Chris Regal, the CEO of Scholar.com,

a global technology firm, transforming the retail space with digital signage.

And we start globally in China.

Chris has business in China, but right now we're observing the reaction by investors

to the announcement mid-April that China's reported annual quarterly growth was 4.5%.

What happened in reaction was, China's stock shed 550 billion in value as doubts over shadow growth

reads the financial times headline.

Investors skeptical about the strength of the country's economic recovery.

Skeptical is generous. We also know that it's not just stocks listed in Shanghai and Hong Kong.

The Nasdaq Golden Dragon Index, which tracks China's top New York listed tech groups, has dropped by more than 31 billion.

The sell-off is about Chris a very good day to you.

Over these last weeks you've been passing on anecdotes from the mainland about factory owners and enterprises looking for business.

We've also noted that the supply chain has suddenly cleared itself up.

There is plenty of room in containerships. There's plenty of room in ports in America.

At first I interpret that as consumers, but now I'm beginning to think something unusual has happened to China.

Are they shrinking Chris? Is that what we're seeing right now?

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