The Chinese government just took drastic steps to save the stock market

China is stepping in to try and save its flailing stock market. According to a Bloomberg report on Saturday, officials are suspending Initial Public Offerings (IPOs) – as many as 28 on the Shanghai and Shenzhen stock exchanges – to deal with the tumble in stocks. Stopping new companies from going public in IPOs may reduce the flow of cash from existing stocks, Bloomberg notes.









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