China losing control as stocks crash despite emergency measures – Telegraph

China losing control as stocks crash despite emergency measures - Telegraph

Just in case you hadn’t heard…

The Shanghai Composite index fell 8.5pc despite emergency measures to shore up the market, with a roster of the biggest blue-chip companies down by the maximum daily limit of 10pc. The mood was further soured by news that corporated profits in China are now contracting in absolute terms, falling 0.3pc over the past year.

via China losing control as stocks crash despite emergency measures – Telegraph.

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