China Cuts Interest Rates as Ripple Effects of 'Black Monday' Continue

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 (PHILIPPE LOPEZ/AFP/Getty Images)

Global markets remained volatile Tuesday, even as China cut key interest rates to boost its slumping stocks. The move came as other signs -- like a shrinking manufacturing sector and weaker consumer spending -- pointed to a slowing Chinese economy. Will the market crisis prompt meaningful economic reforms in China? Do the country's woes signal more turmoil ahead for the global economy?

Guests:

Alan Auerbach, professor of economics and law at UC Berkeley

Orville Schell, director of the Center on U.S.-China Relations at the Asia Society in New York City

Rob Schmitz, China correspondent for Marketplace

Minxin Pei, professor of government and director of the Keck Center for International and Strategic Studies at Claremont McKenna College

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