Beijing calls for calm after historic tech stock rout
CNN
Chinese state media is urging investors to stay calm following a brutal stock market sell-off this week that has wiped out hundreds of billions of dollars in value.
Chinese state-run newspaper Securities Times published a commentary Wednesday acknowledging the "changes in policy for certain industries" after a market rout on Monday and Tuesday that came as investors reacted to Beijing's widening crackdown on private enterprise. "Investors should have confidence in the market," it wrote. "A short-term shock does not change the nature of the long-term positive trend ... China's economy and markets are at an advantage in terms of its width and depth."
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