China Going All Putin Won’t Save Stocks

Halting China’s $5 trillion stock rout has become everything to Xi’s legitimacy and that of his Communist Party.
It’s no coincidence Xi picked this moment to go all Vladimir Putin with creepy new rules

on what the media can say. Strangled in the best of times, China’s largest news organizations are being transported back to the 1980s

as Xi commands them to “speak for the party’s will” and “protect” its “authority and unity.”

Not a move that exudes confidence or engenders trust among investors dumping mainland stocks.