The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
from Morning Bid with David Gaffen:
The broad effects of the selloff in Shanghai are beginning to spread. Notably, during the U.S. session on Monday was when China's regulatory authority said the state would continue to support the equity market, the ultimate in treating a symptom rather than a problem. Whatever happens to the equity market, a steady diet of share-buying by the state isn't likely to be able to stem the losses.