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China calms jittery investors with yuan stability, clear message

Mr Lou (centre) greeting Turkish Deputy Prime Minister Mehmet Simsek as Mr Zhou (front, second from right) and German Finance Minister Wolfgang Schaeuble (front, right) look on during the Group of 20 meeting in Shanghai last week where Mr Zhou and Mr Lou pledged to do more to support the Chinese economy when necessary.

New York

CHINESE authorities seem to finally be getting through to investors after months of confusion about the nations' economic policies helped drive a US$9 trillion global equity rout.

Recent moves such as ruling out the possibility of a one-off yuan devaluation, a new head of...

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