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China Stocks Rebound After Beijing’s Massive Intervention

China’s two stock markets closed higher Thursday, but only after extraordinary measures halted trading on half of the listed stocks and state-backed investors poured billions into the biggest companies. The actions stopped the market’s 25 percent slide since mid-June, but analysts warned the massive intervention by authorities damaged foreign investor confidence in China’s markets. "They can control interest rates but I don't believe they can control the value of equity...

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