Every summer China’s leaders retreat to the coastal resort of Beidaihe to discuss their biggest political and economic challenges, from the timing and outcome of sensitive corruption cases to the direction of reform.
This year the ruling Chinese Communist party will deliberate on a question that was not even on the agenda a month ago. Having climbed on to the back of China’s bull-turned-bear market in an effort to arrest its steep decline, how does it get off?
The Shanghai Composite index peaked at 5,166 points in June and then crashed to a low of 3,507 on July 8. It has since rebounded about 15 per cent thanks to the host of “unconventional measures” announced by the Chinese government in early July.
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