Chinese officials launch 'witch hunt' amid financial market paranoia

The Shanghai Composite Index has plummeted 37 percent since June, due in part to a period of weak economic data and Beijing's recent currency devaluations. In an attempt to rescue their economy, China's government is now treating investment firms with the same suspicion and scrutiny with which they have traditionally policed their political dissenters. "They seem to be harassing anybody that they thought was selling or was short," one Hong Kong hedge fund manager told The New York Times....

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