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China's stock-market rescue puts spotlight on central bankers' exit strategy

Investors everywhere have been coddled by policymakers in recent years, making it hard for officials to cut stimulus


EXIT strategies used to be the preoccupation of Pentagon planners. Nowadays, they are more a province for central bank watchers, since the Federal Reserve gorged on trillions of dollars of mortgage and government debt.

And in that economic realm, China has just added a new...

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