China: The purchase of shares continues

China said that the continued purchase of shares following yet another drop in the markets.
In an effort to support its stock market, Chinese regulators said they continue their purchase of shares.

Chinese shares tumbled 8.5 percent earlier.

It was the biggest drop for a day of February 2007.

The decline followed weak economic data for the profits of Chinese industrial companies on Monday and disappointing study factories in the private sector on Friday.

Investors started to return their loans early disturbed by reports of CSFC, to stabilize the stock market.

Bailout of the Chinese government to maintain the value of the shares included police action against short selling and a six-month ban on large shareholders to sell their shares.

 Varchev Traders

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