Is there a lack of economic leadership in China?

Philip Webster, who sits in for Tim Montgomerie, is joined by Anne Ashworth, Giles Whittell and Ann Treneman. Anne Ashworth:So that's all right, then. Breathe a sigh of relief and get on with your day. After all, some investors saw Monday's share price falls as a buying opportunity - which meant that global markets recovered some of their losses. But maybe we should actually be concerned as events on the Chinese bourses indicated that the regime is ill-equipped to deal with this sort of situation and that the truth about this country's economy could be more disturbing than we think. Giles Whittell:I've never seen the Baalshamin temple at Palmyra, and now I never will. The barbarism of the Isis fanatics who've blown it up is numbing, but what's really troubling about the destruction of Palmyra is its intent. Isis wants to make a mark for eternity, and to this end it's also doing more practical things like training up women doctors. It's not going away unless and until it's defeated, and diplomacy...

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