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Lighter-touch regulation is what China stock markets need

A stock investor checks prices in a brokerage house in Huaibei, central China's Anhui province, on July 27, 2015.

THE renewed sharp declines in China's stock markets is a sobering reminder that official attempts to prop up share prices can only go so far and attempts by government to be a cheerleader for the stock market can do more harm than good.

On Monday, the Shanghai Composite Index suffered its...

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