China Moves To Prop Up Stock Market

What goes up, must come down is a saying the Chinese are learning, as the Shanghai Composite index is down 29 percent since ValueWalk first ran stories of hedge fund managers who were questioning valuations in the Asian nation. China likes stock bubbles when they continue to move higher, not so much when they burst Free market forces and the value opportunity that a stock market correction brings were apparently not on the mind of Chinese authorities, as the Chinese central bank alongside the nation’s stock brokerages supported the market. The stock buying spree did modulate afternoon trading, but its effectiveness…