Understanding the Chinese Stock Market Crash

 An investor observes stock market at a stock exchange hall on July 8, 2015 in Fuyang, Anhui Province of China. Chinese shares dropped sharply on Wednesday.

The Chinese stock market has dropped a third over the last month, prompting a major intervention from the Beijing government. Tom Easton, American Finance editor for The Economist magazine explains what is happening with the Chinese stock market and what the broader implications are for the global economy.