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China is bleeding cash. Investors, both domestic and foreign, are bailing out of the country.

Investors who closely followed the stock picks of one of China’s most successful brokers are wandering in the wilderness—and wondering what will happen next to their unemployed luminary Wang Yawei.In April, and without warning, Wang resigned from his position as a star public funds manager for China Asset Management Co. Ltd.

In his latest push to protect online data and information, Chinese President Xi Jinping said China must establish a "solid" security internet barrier

Chinese President Xi Jinping has called for erecting a solid security barrier around its internet at a cyber security summit held in Beijing. In the two-day event that ended Saturday, Xi instructed Chinese officials that they must manage, operate and ensure access to the Internet in accordance with the law, made under the guidance of the Chinese Communist Party. "We must adhere to the Party's management of the internet and adhere to (the principle of) making the internet work for the people," state-run Xinhua news agency cited Xi as saying.

Chinese President Xi Jinping said China must build a "solid" security barrier around its internet under the supervision of the ruling Communist Party, in his latest call to safeguard online data and information.