Emergency measures fail to halt China's stock market nosedive
by Katie Allen from Economics | The Guardian on (#G217)
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.
Related: China's leaders hamstring its investors as the speculative frenzy continues
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