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China launches all-out bid to end stocks rout

Reports say Beijing has suspended new share offers and set up market stabilisation fund, as top brokerages pledge to buy huge amounts of shares

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The main Shanghai Composite Index has lost nearly a third of its value since mid-June.

Beijing

BEIJING intensified efforts over the weekend to pull China's stock markets out of a nose-dive that is threatening the world's second-largest economy, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilisation

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