The plan succeeded. China's central government has tried to address some of the problems. Last year, the country's top securities regulator was dismissed and replaced by a central bank executive. Exchange chiefs also were sacked, and banks and state companies were ordered to sever links with the markets. But many say the problems are growing more rapidly than ever before.
Domestic traders are the most cynical.
Then for years they ate up state banking capital. Now, they're eating up investors' money. Inc. All Rights Reserved.