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China Markets Plummet Despite Government Intervention

China's government on Wednesday unveiled more measures to stop a 30 percent stock market decline in recent weeks, but the action had little impact as the securities regulator warned of “panic.” About half of all companies listed on China’s two exchanges have now filed for a trading halt, freezing about $1.4 trillion worth of shares. More companies that experienced a 10 percent drop in their share price also had trading suspended on the Shanghai and Shenzhen exchanges. The...

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