More informed people than me can, and have, painted crisp pictures of the regulatory chaos currently unfolding in China. The latest is an excellent article in the Wall Street Journal today, “China’s Response to Stock Rout Exposes Disarray,” that is well worth your time if you do business there.
The most telling comment, according to the article, something said by premier Li Keqiang at an emergency meeting of finance and economic officials on July 4. Li gathered all his minions together and then ordered: “I want stronger measures to rescue the market.”
