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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…
China's problems are more entrenched than last time Beijing took drastic steps to stem a market crash, investors say. Read more
While it’s unclear whether any new support measures will come out of the meeting, traders are hoping that this time will be different.
Chinese authorities are hoping to stabilize the stock markets ahead of the weeklong Lunar New Year holiday.