August was a brutal month for the Chinese stock market. The Shanghai composite lost 12.5 percent, rocked by fears that the world's second largest economy might be slowing. As much as 80 percent of China’s stock market trading is done by private investors, making the plunge painful for many families. The spotlight is now on Chinese authorities. What is the government's strategy? Is state intervention counterproductive?
In this edition of People and Profit, we also talk to Nobel prize-winning economist Joseph Stiglitz about inequality, and, to finish, we take a look at the bubbly battle between Italian prosecco and French champagne.