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China worried that coronavirus would cause a market meltdown. Its reaction risks stoking a bubble in

https://fortune.com/2020/03/06/china-coronavirus-market-meltdown-bubble/

China worried that coronavirus would cause a market meltdown. Its reaction risks stoking a bubble instead


China’s desire to support its financial markets in the wake of the virus outbreak may have moved the needle too far the other way.

It’s taken a sweeping and coordinated effort from top officials to prevent a downward spiral in Chinese stocks. From early February, the central bank and regulators across the foreign exchange, securities, banking and insurance sectors have deployed a number of measures to ensure sufficient liquidity and reduce borrowing costs for companies. Hints of more to come on the monetary and fiscal side have been equally effective.
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