Episode description

China's economy was up 150% until June. Then it fell by nearly a third. Now it has had the strongest two-day rise since the 2008 global crisis. China’s rollercoaster stock market has provoked panic in recent weeks; panic on the part of small investors, who looked on in horror as previous gains were wiped out, and panic – some would argue – on the part of the Chinese government, which did everything it could to stop the slide. Four expert witnesses analyse what these dramatic events tell us – not about the Chinese stock market, but about China itself.

(Photo: An Investor walks past a stocks and shares board. Credit: Associated Press)