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Beijing says it will intervene ‘when necessary’ to stabilize China’s stock markets

Beijing says it will intervene ‘when necessary’ to stabilize China’s stock markets

A commentary in the Communist Party’s flagship publication yesterday suggests the mainland government is prepared to intervene in the stock market again if turbulence returns.

The article in People’s Daily, which says that maintaining financial stability should be a top priority, is the latest piece by state media to reaffirm Beijing’s intervention to stabilize the stock market, amid mounting pressure on authorities to prepare an exit strategy.

It said the finance sector was the lifeline of the national economy and warned that instability would jeopardize years of market reform.

Source: Beijing says it will intervene ‘when necessary’ to stabilize China’s stock markets – Business Insider