WS MoreOrLess: China Stock Market Crash
More or Less
BBC
4.6 • 3.7K Ratings
🗓️ 31 August 2015
⏱️ 10 minutes
🧾️ Download transcript
Summary
The Chinese Market Crash in context. How big is the market, how many investors does it have and does it tell us anything about the wider Chinese economy? Sprinters legs It may seem strange, but world class runners don’t move their legs faster than average park runner. That’s the claim anyway – is it true and if so what is it that makes athletes like Usain Bolt and Justin Gatlin run so fast?
Transcript
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| 0:00.0 | This is the short edition of more or less, first broadcast on the BBC World Service. |
| 0:05.0 | Thank you for downloading from the BBC. |
| 0:09.0 | The details of our complete range of podcasts and our terms of use go to BBCworldservice.com |
| 0:14.8 | slash podcasts. |
| 0:16.0 | Hello and welcome to more or less on the BBC World Service. |
| 0:23.3 | We're your statistical guide to the numbers in the news and in life, |
| 0:27.1 | and I'm Tim Harford. |
| 0:29.7 | You may have thought that the bottom had fallen out of China's world this week. |
| 0:34.0 | Black Monday. |
| 0:36.0 | It's been dubbed Black Monday. |
| 0:39.0 | A day which some people are calling Black Monday. |
| 0:41.0 | Black Monday, the great fall of China, as it's been described. |
| 0:46.0 | Even the official Chinese news agency, Xinois, was calling it Black Monday, |
| 0:50.5 | as shares in China fell by 8% with further falls on Tuesday and Wednesday and |
| 0:55.7 | volatility ever since crisis. But wait stop don't we need some context here? 8% of what? What's the trend bin? Why does it matter? |
| 1:07.6 | I called James King, Emerging Markets Editor at the Financial Times, and I began by asking him a simple question. |
| 1:15.0 | What do people mean when they say that trillions of dollars have been wiped off the Chinese stock market? |
| 1:21.0 | What they're talking about is normally either the Shanghai market and or the Shenzhen market. |
| 1:27.0 | There are two stock markets in China. |
| 1:29.3 | It's sometimes not clear whether they're meaning both together or they're just meaning one. |
| 1:34.2 | If they're meaning one, it's most likely they're talking about the Shanghai market and they're |
| 1:39.4 | referring to the total reduction in the market capitalization on that day, but this is a |
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