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Breaking News Forum China stocks extend falls, defying government efforts at News Forum - Chinese shares sank further Tuesday, defying government efforts to arrest a precipitous fall that has wiped an estimated $3.2 trillion ...

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Old 07-06-2015, 11:23 PM   #1
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Default China stocks extend falls, defying government efforts

Chinese shares sank further Tuesday, defying government efforts to arrest a precipitous fall that has wiped an estimated $3.2 trillion off markets and threatens the world's number two economy. The government over the weekend announced a halt to initial public offerings (IPOs) and moves to pour funds into the market to end three weeks of plunging prices. Analysts say the heavy-handed intervention throws into question the pace of China's economic reforms and the ability of the government to deflate what many describe as a stock market bubble.




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