China Stocks Enter Bear Market, Erasing Gains From State Rescue
- Shanghai Composite drops more than 20% from December high
- Some banks won't accept small-cap stocks as collateral
Shanghai Composite Enters Bear Market
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Chinese shares fell into a bear market for the second time in seven months, wiping out gains from an unprecedented state rescue amid waning confidence in the government’s ability to manage the country’s markets and economy.
QuickTake China’s Managed Markets