China’s resistance to global stock rout is crumbling

Measures deployed by Chinese authorities since early February had initially helped stabilise the country’s markets

BEIJING: One of the only shelters from the volatility convulsing global equities is looking increasingly vulnerable.

China’s stock market had largely resisted the vertiginous moves that have whipsawed shares from New York to Milan, partly due to a series of preemptive measures from the central bank that flooded the market with liquidity.