“China said on Monday it was prepared to buy shares to stabilize the stock market and avert ‘systemic risks’, after major indices plunged more than 8 percent in the biggest one-day fall since 2007. The securities regulator also said market authorities would deal severely with anyone engaged in the ‘malicious shorting of stocks’, in Beijing’s latest attempt to stave off a full-blown market crash. Monday’s slump, amid growing doubts about the strength of the world’s second biggest economy, shattered three weeks of relative calm as a barrage of support measures helped stabilize values following a sharp sell-off that started in mid-June.”
http://www.reuters.com/article/2015/07/27/us-markets-china-stocks-idUSKCN0Q10KE20150727
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