The Chinese government's efforts to stabilize the country's stock market, which has seen a $7 trillion rout, are proving ineffective. Investors are skeptical that President Xi Jinping can use the same strategies that worked in 2015 to address the current market crisis.
Signaling the growing alarm, China abruptly ousted its market chief Yi Huiman on Wednesday, rolling out another hallmark of the near decade-old blueprint to boost stocks.
CHINA’S efforts to arrest a $7-trillion stock market rout are evoking memories from 2015, when Beijing took drastic steps to stem a crash. This time, investors say, the problems are much more entrenched. Authorities have snapped into crisis mode to support China’s tumbling markets, taking aim at short-sellers and freeing…
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