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China Turmoil Batters Faith in Beijing's Management Skills

Stock market and currency turmoil has battered Chinese leaders' reputation as shrewd economic managers and fed doubts about their willingness to push through more wrenching reforms. In the stock market, a “circuit breaker” to suspend trading in the event of wide price swings backfired and fueled steeper falls. It was withdrawn after just four days. That followed complaints curbs on stock sales and other emergency measures imposed to stop last year's market plunge were clumsy and...

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