Episode details

World Service,08 Jan 2016,49 mins
Chinese Markets Fall - What are the Options for Beijing?
Big Boss InterviewAvailable for over a year
China's stock markets reopen this morning following the shortest trading day on record. On Thursday, trading in Shanghai was suspended after just 29 minutes - when a fall of 7% triggered the so-called circuit breaker. Chinese authorities have announced that they will be lifting the circuit breaker mechanism on the Shanghai and Shenzhen stock exchanges today - but will that quell the panic? We hear from Anne Stevenson-Yang, the co-founder of J Capitol Research in New York. For an international view on the financial turmoil in China, we turn to the American economist Irwin Stelzer at the Hudson Institute in Washington. Also, what will the woes in China and the consequent commodities slowdown mean for Africa? How does it leave international investment in the continent's infrastructure? We hear from David Johnson, Chief Risk Officer at the Lagos-based Africa Finance Corporation. There is a new play showing in London called Bull. Its subject is workplace bullying and it is already won an Olivier, Britain's top award for drama. Our arts correspondent Vincent Dowd went to meet the man who wrote it. And we follow the case of a monkey in the media spotlight. A legal case brought by PETA - People for the Ethical Treatment of Animals - claims that a macaque monkey named Naruto owns the copyright to photographs taken in 2011. However a judge has ruled that there is "no indication" that the Copyright Act extends to animals. We hear from British photographer David Slater, whose camera was used to take the disputed photos. We discuss all that and much more with Puja Mehra in Delhi, economics editor at The Hindu and Ralph Silva of the Silva Research Network from Toronto. (Photo: A man observing the stock market. Credit: AFP)
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