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Markets continue to fall in China after lending freeze

Investors watch the electronic board at a stock exchange hall in Shanghai, China.

The key stock index in Shanghai fell 5.3 percent today. The loss, the worst in 4 years, comes after China’s central bank froze lending between the country's financial institutions last week. It's an effort by the government to crack down on so-called "shadow financing."

Marketplace's China bureau chief Rob Schmitz joins Marketplace Morning Report host David Brancaccio to discuss.


Audio Extra: Julia Coronado, chief economist for BNP Paribas, discusses the latest moves by China's central bank and central banks around the world.

 

About the author

Rob Schmitz is Marketplace’s China correspondent in Shanghai.
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