Cutting of new listings and other decisions help shore up stock market

The central authorities have introduced a number of measures to help the ailing stock market get back on track, including cutting the number of new shares hitting the market, calling on top brokerages to buy massive amounts of shares and pledging to raise money through multiple channels. Comments:

For the time being, the reform and opening-up will pay dividends later on, the macro-economy is beginning to stabilize and recover, and the liquidity remains abundant. With a history of over 20 years and a slew of back-up fiscal policies, China's A-share market has plenty of experience in dealing with emergencies, and it is fully capable of solving the temporary problems.

People's Daily, July 6