China stock market intervention a setback for reform – analysts

SHANGHAI: Aggressive intervention on China’s stock exchanges by the Communist government, to try to arrest a dramatic rout, has raised questions over its reform agenda and pledges to let the market play a bigger role.

With the benchmark Shanghai stock index falling more than 30 percent in less than a month, wiping out around $3.2 trillion of value, government officials have cobbled together rescue measures aimed at propping up the market.