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China Shares Flounder Again

China's volatile shares tumbled again on Thursday, taking losses this month to about 25 percent or 13 trillion yuan ($2 trillion), while state media insisted that the market ructions did not reflect the real economy. The benchmark Shanghai Composite Index ended down 2.9 percent, and the CSI300 index of the largest listed companies in Shanghai and Shenzhen shed 2.6 percent, both indexes having tumbled this week to levels not seen since 2014. Trading was very light, as many investors...

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