China and the world economy: Taking a tumble

by / Thursday, 27 August 2015 / Published in Economy

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The Great Fall of China

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China and the world economy


Stockmarket turmoil in China need not spell economic doom. But it does raise questions far beyond the country’s shores



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THE ability to make stockmarkets boomerang is usually reserved for central bankers. But on August 24th, hours into a global market rout that had started in Asia and was sweeping its way through Europe and then America, Tim Cook, the boss of Apple, turned his hand to it. “I can tell you that we have continued to experience strong growth for our business in China through July and August,” he wrote in an e-mail to CNBC, a financial-news channel. “I continue to believe that China represents an unprecedented opportunity over the long term.”
By the time Mr Cook felt it necessary to opine on the state of the world’s second-biggest economy, plenty had …
Source: The Economy