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on monday and tuesday. massive falls. panic selling. then on tuesday after the market closed, we started to see the government taking action. we saw cut interest rates and free up money to be pumped back into the economy. on thursday, we started to see a government buy. we cannot actually be sure because it is difficult to confirm these things. it fits the pattern we have seen before. markets finishing sharply higher. the government has explicitly directed the pension funds and insurance funds, state-owned companies here, to actually buy shanghai stocks. a clear directive there. we think that is going on, particularly the last two days, both near 5%. better finishes. that does indicate the government is behind this turn around. it is interesting, you look at the whole week for the asian

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