What is causing China's economic slowdown?

Описание: Chinese markets plunged on Monday in the biggest loss since the financial crash of 2007.
There is growing concern among investors that the world's second-biggest economy is declining more than previously thought. The government has injected $100 billion into banks to help spur the economy.
Earlier, China's central bank devalued the yuan in a move seen as a bid to help exports.
But what is causing this decline? And what are the ramifications for the global economy?
Presenter: Mike Hanna
Guests:
Fraser Howie - Co-author of 'Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise.'
Alberto Gallo - Head of Macro Credit Research at the Royal Bank of Scotland.
Peter Schiff - CEO and Chief Global Strategist of Euro Pacific Capital.


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