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China will do ‘whatever it takes’ to stop stocks falling

In the US markets, the old saying is ‘Don’t fight the Fed’ — there surely must be a Chinese translation of that.

Is China’s bear market near its final throes just as the bull market elsewhere shows signs of topping?

The Shanghai Composite fell 2.3% Tuesday, taking back more than half of Monday’s 4.1% surge and helping set off the global retreat in equities that had the major US indexes lower by upwards of 2% at midday.

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