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Stabilising China's stock market seen as major test for Xi

Wednesday, July 8, 2015 - 05:50
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Tackling the market rout will require more than the strongman approach Mr Xi has so far employed to consolidate power.

Hong Kong

FOR Chinese President Xi Jinping, mission No 1 has been preserving Communist Party rule. That now means stabilising the stock market.

Mr Xi's government rushed out an unprecedented series of measures in recent days to halt a sell-off that wiped out US$3.2 trillion in