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By Craig Stephen, Jan 04, 2015 Market Watch
Between a 7% fall in shares that triggered new circuit breakers on the Shanghai SHCOMP, -0.26% and Shenzhen stock exchanges 399100, -1.72% and accelerated weakness in the yuan, there is ample fodder for China bears.
The question being posed anew is whether 2016 will be the year Beijing finally throws in the towel on its attempts to coerce multiple asset markets upwards, while its economy continues to sink in a sea of debt.
While yet more weak industrial activity numbers from the Caixin China December PMI got the new year off to a flat start, the bigger concern is whether the leadership still has the will or the ability to continue holding up stock prices as its confronts ever more painful policy choices.
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