China stocks slide despite calming words from policymakers

Shanghai

ATTEMPTS by Chinese policymakers and regulators to soothe the country's jittery markets with promises of financial market reforms and assurances that the economy is stabilising had limited impact on Monday, with stocks tumbling in late trade.

Looking to draw a line under wild gyrations in Chinese equity markets, which have fallen 40 per cent since mid-June, China's securities regulator said that it would take more steps to ensure stable markets, while government officials said that the worst of the volatility was over.