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Business & Economy

How volatility in China's stock markets affects SoCal




A Chinese investor uses a magnifying glass to look at his mobile phone screen as he monitors stock prices at a brokerage house in Beijing, China, Thursday, July 9, 2015. Asian stock markets continued to react on Thursday as the Chinese government took measures aimed at stabilizing the market. (AP Photo/Ng Han Guan)
A Chinese investor uses a magnifying glass to look at his mobile phone screen as he monitors stock prices at a brokerage house in Beijing, China, Thursday, July 9, 2015. Asian stock markets continued to react on Thursday as the Chinese government took measures aimed at stabilizing the market. (AP Photo/Ng Han Guan)
Ng Han Guan/AP

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The stock market in China has plummeted for the second time this week.

Stocks dropped by more than 7 percent on Thursday, forcing officials to cut trading short just 29 minutes after the markets first opened. They also fell 7 percent on Monday before trading was halted. 

While China might be an ocean away, turbulent economic waves there might crash onto California's shores.

Clayton Dube, director of the U.S.–China Institute at USC, joins Take Two to explain how the market volatility in China will affect real estate, the tech industry, tourism and more in Southern California.