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Beijing determined not to let market sell-off hurt growth

Output of finance industry accounts for 1.3 points of China's 7% Q1 growth

FAST AND FURIOUS: From its peak on June 12, the Shanghai index has now fallen 26 per cent, and Shenzhen shares are off 34 per cent. Stocks have lost a combined US$3 trillion in market value in the past month.

Hong Kong

AS THE usual drivers of economic growth have faltered in China, the stock market euphoria has helped pick up the slack, with a slate of businesses feeding off the frenzy.

But as the market cools, the Chinese economy is losing a major boost, adding pressure on the...