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China Stock Slide Tests Government

China’s one-day plunge Monday, and slide of 12 percent last week, has surprised many analysts and is raising questions about the effectiveness of the Communist government’s massive intervention efforts to prop up the index over the past two months. The 8.5 percent plunge of China’s main index Monday, its sharpest fall since 2007, highlights growing investor dissatisfaction with government moves to boost the index and weakening confidence in the economy, analysts said. There is still a...

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