Featured interview: China Beige Book Chief Economist Derek Scissors

The recovery in China, the world's second largest economy, is losing pace. GDP expanded 6.3% year-on-year in the second quarter, which is well below expectations. Other disappointments in China include record high youth unemployment, slowing retail sales, and faltering business confidence -- all raising expectations of further government support. Joining Julia to provide context is Derek Scissors, chief economist at China Beige Book and a senior fellow at the American Enterprise Institute. 

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