China could spend billions purchasing stocks if the coronavirus panic proceeds
Monday's market auction in China was the most noticeably awful in numerous years and cleaned about a large portion of a trillion dollars off the value of the nation's greatest organizations. Presently the Chinese government needs to discover approaches to stem the panic before the coronavirus epidemic makes things even worse.
Beijing as of now has a blueprint to work with. At the point when the Chinese stock market bubble popped in 2015, sending shares into a significantly deeper tailspin, the government stepped in with a salvage plan. Utilizing a state-possessed financing organization and its sovereign wealth fund, China spent more than 1.2 trillion yuan ($170 billion) purchasing shares to support costs.
This time, the nation may need to do likewise.
"I think the regulators are closely...