Rising up from the center of Beijing, not far from the Temple of Heaven, is the loudest voice in the wild east of the Chinese stock market.
It’s neither a bank nor a brokerage — it’s the headquarters of Xinhua News Agency, long considered the “throat and tongue” of the Chinese government.
With the heady exuberance over Chinese stocks starting to fade, sowing fears of worse to come, investors are scouring state media for clues to the Communist Party’s thinking.
Only months ago, encouraging words from Xinhua sent stocks soaring. Now, with markets sinking, that official line has gone quiet, leaving many wondering how — or whether — Beijing might respond.