Do they want it to get worse or something? They can't seriously think this would stop it crashing.
Not exactly a vote of confidence to inspire investment to hold the price up is it.
I've heard Chinese media was advising the entire population to invest, could this be an extraction of wealth from the poor? A pump and dump by the Chinese govt?
i'm a firm believer that freezing markets and halting trading erodes confidence, ultimately makes matters worse...but hey, you may have just given me an idea for a finance study
re: the Chinese govt pumping stocks, that's horribly irresponsible, but i don't doubt it. the govt of the USSA also pumps most asset classes regularly, stocks and real estate being the most notorious. whether any govt official intends it to be the case, these pumps are typically massive wealth extraction mechanisms from poor to rich.