FIRST AIRED: June 3, 2016

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00:00:00
nnnnn china's markets roar as they opened monday kicking off a make or break week for an already fragile economy beijing went into emergency mode over the weekend releasing an unprecedented slew of policies which helped the key shanghai index opened up nearly eight percent but quickly lost a chunk of those gains reuters correspondent pete sweeney in beijing says state money can only go so far a lot of investors who spoke to reuters told us that they're basically hoping , it goes up enough for them to , be able to eject from their holdings right so they keep on selling off screen very difficult to keep the market's up your , as the state money comes in and then there's gonna be a drop as everybody else objects , i mean that's a major performance risk for china going forward , china stock market has tanked thirty percent since its peak in mid june initial drop seems to have been triggered by a crackdown on investors borrowing money to buy stocks and despite cutting interest rates in issuing public statements of support over the past weeks beijing has not been able to arrest the slide some of the weekends emergency measures include a freeze on initial public offerings and pressure on brokerages to plow money back into the market china stock market had been a rare bright spot in the shaky economy some market watchers say if the meltdown turns into a full blown crash would mean more trouble for the global economy and even the crisis in greece