Dalai Lama and Beijing’s 7th Round of Talks and China’s Stock Market Melt-down
External Podcast: Visit Digging-to-China.com to listen
Segment 1: Seventh Round of Talks between Dalai Lama and Beijing
Starting in March 2008, Buddhist monks and others took to the streets in Tibetan areas in repeated protest against their treatment by Chinese authorities. Large numbers of paramilitary police were mobilized to contain the unrest, and large scale arrests and continued surveillance have restored a tense calm. On July 1st, 2008, the Dalai Lama’s envoys began talks with Beijing. This is the seventh round in a series of on-and-off formal negotiations that began in 2002. In a prepared statement, the Tibetan envoys said they would press for tangible progress to alleviate the difficult situation for Tibetans in their homeland.
Guest: Karmar Zurkhang, former President of Capitol Area Tibetan Association.
Segment 2: China’s Stock Market Melt-down China’s stock market swoon has sent the benchmark Shanghai Composite Index down by more than half in eight months to below the 3000 level. Repeated government intervention over the history of the Chinese stock market has conditioned investors to expect that the government will step in when things get ugly, or to cool stocks when the market is threatening to overheat. With tight monetary policy and high inflation, how is Beijing intervening this time? If Beijing decides to open it up, will China’s stock market today be a gold mine or a land mine for foreign investors?
Guest: Robert Sherretta President, International Investors
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