Economic

China share slump: Dealers to spend $20bn to halt slide

“China’s main share brokerages have agreed to spend 120 billion yuan ($19.3bn, £12bn) to prop up the ailing stock market.
The main Shanghai Composite index has fallen 30% since the middle of June, nullifying most of this year’s gains.
The authorities are worried about the possible economic effects and have already tried preventative measures.”

Source: China share slump: Dealers to spend $20bn to halt slide – BBC News

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