A Plunge Protection Team for China's Markets?

China may do no better at propping up markets than the U.S.

No place to hide.

Photographer: Greg Baker/AFP/Getty Images

Last week, we noted that China’s heavy-handed interventions had turned their stock markets into “a government bureaucracy.” Several other observers whom I respect echoed that perspective, suggesting there were problems with China’s efforts to prop up its stock market and that the effort was doomed to fail.

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