Emergency measures fail to halt China's stock market nosedive

July ends on another low note as stocks record biggest monthly loss in almost six years, despite concerted efforts by Beijing to prop up the exchanges

Chinese share prices suffered a dismal end to a dire month as promises of more emergency measures from officials in Beijing failed to stem a stock market slide that is now reverberating around the global economy.

Despite policymakers' pledges to underpin the flagging Chinese economy and a further crackdown by the markets watchdog, stocks fell further on Friday and posted their biggest monthly loss in almost six years.

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