China has intervened to prop up their crashing stock market. This is much different than the US crash at the start of The Great Recession. China has much more control. They decide what they want the stock market index to be, and then force the market to get there. They manipulate the stocks, and indirectly the companies. The US propped up the companies, and hoped for a recovery in the stocks. The Chinese have more control, but the effect may be more artificial and tenuous. They are raising the market without improving the fundamentals, like raising a roof without first making sure the foundation and walls are set and strong enough. It may work, but if it doesn’t the collapse can be more sudden.
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