iron fist

China Communist Party’s ‘Iron Fist’ Halts Stock Crash

Despite authorities suspending trading in over 50 percent of domestic stocks, banning large holders from selling, funding state-owned financial institutions’ purchases, and arresting short-sellers, China’s CSI 300 Index crashed in the morning Thursday, before eking out a 2 percent gain by midday.

China Fist (Goh Chai Hin / Getty)