The Chinese government’s efforts to stabilize the country’s stock market, which has seen a $7 trillion rout, are proving ineffective. Investors are skeptical that President Xi Jinping can use the same strategies that worked in 2015 to address the current market crisis. What Happened: The Chinese government has taken emergency measures to support the plunging stock market, such as targeting short-sellers and freeing up cash for banks. However, these actions have not been sufficient to address the deeper issues at play, Bloomberg reported on Thursday. On Wednesday, China removed its market chief…
