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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

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


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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