For a powerful government that has bragged about its command of the country, its absence at a moment of crisis has made the public question its credibility.
A series of investigations into apparent market violations emerged after the recent stock market turmoil, bringing down Zhang Yujun, an assistant chairman at the China Securities Regulatory Commission (CSRC); Cheng Boming, general manager of CITIC Securities; and four other senior CITIC executives.China’s stock market went on a roller coaster ride in the first half of the
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