China cuts interest rates as ripple effects of “Black Monday” continue

Alan Auerbach interviewed on KQED-FM, August 26, 2015

“The government of China is in a funny position. On the one hand, China has a very rapidly growing economy, and in many respects, a very capitalist economy, and yet it has a government trying to maintain control as the old Communist government did.… And sometimes that comes in conflict with a normal working of an economy.”