China Stocks Tumble Back Toward Earth

Share prices take a beating as Beijing continues to tighten the tourniquet on the explosive stock market rally in Shanghai and Shenzhen

Everyone from Hong Kong billionaire deal maker Li Ka-shing to former Fed chairman Alan Greenspan and People's Bank of China Governor Zhou Xiaochuan have been warning for weeks that the levitation act at China's domestic bourses in Shanghai and Shenzhen wouldn't last forever. Beijing financial mandarins have also sounded the alarm and followed up with interest rate moves and other tightening measures.

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