China is back-pedalling faster than Wile E. Coyote falling off a cliff edge in pursuit of an uncatchable Road Runner. It has now avowed to bolster its beleaguered markets. The country’s financial stability and development committee – otherwise known as Xi Jinping, has called for monetary policy to support the economy. It, otherwise known as the supreme leader, has also said that authorities should prudently introduce policies that have a contractionary impact on economic growth. Whose fault is it that the economy has contracted? The Chinese government, aka the eternal leader, said it is working with American authorities to support listings overseas. This comes after the US SEC identified Chinese companies that could be delisted over the issue of auditor access. The committee – its him again – also said it would keep Hong Kong’s financial markets stable, whilst enhancing regulatory communications and coordination with Hong Kong regulators. Who thought it would be a good idea to kill...