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China Is Said to Consider $15 Billion Bailout of Stock Market





This is a lot of money, but I doubt it will have any long-term impact.

From New York Times:

The Chinese government is considering creating a $15 billion fund to help bail out the nation's ailing stock market, according to a senior government official and people told of the proposal.

The creation of a huge fund to invest in mainland stocks would be the government's most striking effort yet to prop up share prices and try to restore confidence in a market that has fallen to its lowest level in about eight years.

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