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China stems stocks rout, but market faces lengthy hangover

China's stock markets remained semi-frozen, with the shares of around 1,500 listed companies worth around US$2.8 trillion suspended.


BEIJING'S increasingly frantic attempts to stem a stock market rout were finally rewarded as Chinese shares bounced around 6 per cent on Thursday, but the costs of heavy-handed state intervention are likely to weigh on the market for a long time.

The rebound came after...

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