China and the world economy: Taking a tumble

UK Only Article: 
standard article

Issue: 

The Great Fall of China

Fly Title: 

China and the world economy

Rubric: 

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

Location: 

SHANGHAI

Main image: 

20150829_FBP001_0.jpg

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