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China’s Slowdown Reverberates Around The World

December 24th, 2015

Episode 593 of 1091 episodes

World Service Business Editor, Martin Webber, explains the big events of the past year. Commodity prices tumbled, with prices of copper and oil both falling more than 30 per cent. The main cause was a big slowdown in China as the country stopped importing all the metals and raw materials the rest of the world could produce. We'll hear from one expert who says the Chinese authorities have lost control and won't be able to prevent an economic collapse. But another analyst tells us the Communist regime still has enough tools to carry out successful reforms. Plus a family business in Germany still run by consensus. We speak to the bosses of Miele and ask how it can still be a world leader in washing machines when it still produces its goods in high-cost German factories

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