The Globe and Mail:
For the Chinese leadership, however, the possibility of more balance in Shanghai and the hope that Shenzhen will also find a more stable footing may be good enough.
“I don’t think they need a big rally. As long as they can stop the losses, they’re probably going to be happy,” said Arthur Kroeber, the Beijing-based head of research for Gavekal Dragonomics.
“This is not a government that believes in unfettered markets,” Mr. Kroeber said. “They never have, they never will. They believe markets are tools to greater ends – and if things seem to be going out of kilter, they’ll adjust things.”
More at the Globe and MailStill, if the coming days bring a further rout, China has shown its willingness to intervene dramatically to prop up share prices – suggesting it will use more firepower if needed.
Arthur Kroeber is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´ request form.
Are you looking for more financial analysts at the China Speakers Bureau? Do check out this list.