Chinese gaming shares slide
After Chinese state media likened gaming to drugs, shares in two tech giants fell
After Chinese state media likened gaming to drugs, shares in two tech giants fell. Tencent and NetEase shares recovered some ground after slipping 10% in early trade, and Josh Ye, technology and media journalist at the South China Morning Post explains the background. Also in the programme, to cushion the blow of the pandemic, the board of governors at the world's lender of last resort, the International Monetary Fund, has approved the largest injection of resources in its history. Tara Sinclair is associate professor of economics and international affairs at George Washington University, and tells us how the additional $650bn might be used. Plus, as voters in Zambia prepare to head to the polls next week, we take stock of the country's economy. Musician Fumba Chamo discusses the challenges ordinary Zambians are facing as a consequence of high inflation. Zambian economist Twivwe Siwale explores the root causes of that inflation, following depreciation in the value of Zambia's currency, the kwacha. And we hear from Bupe Mulapesi, who runs a strawberry farm near Lusaka, how the pandemic has impacted business.
Picture: gamers in China. Credit: Getty Images.)
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- Tue 3 Aug 2021 14:32GMTΒι¶ΉΤΌΕΔ World Service