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Despite Stock Market Concerns, China Looks To Consumers To Boost The Economy

A woman walks out a shop past a "Singles Day" sales promotional board in Beijing on November 11, 2015.  (Wang Zhao/AFP/Getty Images)
A woman walks out a shop past a "Singles Day" sales promotional board in Beijing on November 11, 2015. (Wang Zhao/AFP/Getty Images)

There’s fear today among investors as global markets are down, in part because of plummeting stocks in China. Jeffrey Towson, author of “The One Hour China Consumer Book,” joins Here & Now’s Robin Young to explain why stock prices are down in the country, and why consumers are increasingly important to the economy there.

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