As China suspends reality, sit tight: James Saft | Reuters

With the Shanghai Composite Index having fallen close on 30 percent since June 12, Chinese authorities initiated a series of supporting measures, culminating with an announcement on Sunday that the central bank would provide unlimited, open-ended financing to a state-backed margin financing company for on-lending to those wishing to buy shares.

via As China suspends reality, sit tight: James Saft | Reuters.