Mark Levine had some good thoughts on this situation, and it really does seem to encapsulate the entire Chinese "free market" experiment in a single entity. I hope that market regulators all around the planet are paying attention to the challenges of trying to "control" market movements in order to promote an agenda (whether it is protecting pension funds or national prestige).
If you've got your "thumb on the scale" as the saying goes, there will always be forces that try to exploit that condition.
If you've got your "thumb on the scale" as the saying goes, there will always be forces that try to exploit that condition.