Want to create an interactive transcript for this episode?
Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Will global investors continue to dump Chinese stocks?
Description: Global stock markets have been jittery in recent weeks owing to the economic turmoil that is erupting within China. A Chinese media outlet recently reported that China plans to allow local governments to sell 1.5 trillion yuan ($205.9 billion) of special financing bonds to help 12 regions repay debt. The report added that the People’s Bank of China may even set up a special purpose vehicle with banks to provide low-cost and long-term liquidity to local government financing vehicles. So how are investors coping with the spiralling state of China’s economy? On Money...