Foreign competition will bring China benefits, says London's Boleat

A three-day slide in China's A-share market that included the biggest one-day percentage drop in more than eight years on July 27 has led to domestic critics pointing the finger at overseas investors. Mark Boleat, policy chairman at the City of London Corporation, has a different take. He says China needs foreign participation in its markets to ensure its goal of RMB internationalisation is successful.