What can we learn from the response of the Chinese government to the problems in China’s stock market?:
China’s Naked Emperors, by Paul Krugman, Commentary, NY Times: … We’ve seen … strange goings-on in China’s stock market. In and of itself, the price of Chinese equities shouldn’t matter all that much. But the authorities have chosen to put their credibility on the line by trying to control that market — and are in the process of demonstrating that, China’s remarkable success over the past 25 years notwithstanding, the nation’s rulers have no idea what they’re doing. …[Source]