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Market sirens lead China astray

Wed, Jul 29, 2015 - 5:50 AM

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PHOTO: REUTERS

CHINA'S pledges to prop up the stock market are unwise. It didn't have to be this way - if only the country's authorities had been able to resist the lure of inflating asset prices. That's a challenge few governments have met.

After the benchmark Shanghai Composite index fell 8.5 per cent...

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