The Xi Jinping Put: From Free Market to Free-Fall (Op-Ed)
The Chinese government along with its Central Bank have taken extraordinary measures to halt the free-fall of its stock markets. But while these measures appear to have stopped the bleeding for now, is government intervention the right solution for the world’s second largest economy? Or will it ultimately hurt the overall confidence of investors and the public towards Chinese markets and force money to flee to other asset classes such as gold or virtual currency? Former Fed Chairman Alan Greenspan was perceived to be so market friendly and communicated such to the markets that most....
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