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 China stocks fall dramatically, while panic sets in, - Financial Times

173 firms announced trading suspensions due to dramatic fall of China stocks.

As reported by Censor.NET citing Ukrinform, this is announced by Financial Times.

"173 firms listed in Shanghai and Shenzhen announced trading suspensions", the report reads.

Beijing struggles to insulate the economy from the country's steepest equity decline in more than two decades.

As noted, a few months ago the Chinese stock market was a world leader in growth. But now the stock markets of China are facing dramatic fall. Companies listed on Chinese stocks lost much of their value. The total amount of loss is about three trillion dollars.

There is a panic but no matter how they [the authorities] jump in, this thing just doesn't stop falling," said Dong Tao, an economist at Credit Suisse.

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