Detailed text transcripts for TV channel - MSNBC - 20150825:14:34:00
China was a real growth leader up until a few years ago, posting double digit growth rates. that's fallen by about half, maybe from about 10% to around 5%. you can imagine when such a large economy slows that much, it's going to have repercussions. the stock market is a particularly interesting story there. it's not like our stock market, it's heavily managed by the state, and they really orchestrated a massive bubble in the shanghai index which has now gone through a very big correction. >> why did they do that? >> because their state-run enterprises, automakers and factories, they're owned b...
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