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Chinas Desperate Attempts To Stabilize

Most of the time, weekly data published by the China Securities Depository and Clearing Corporation (CSDC) is as dull as the organization’s name would suggest. But of some interest this year has been the weekly number of people opening trading accounts that allow them to buy and sell stocks.

Earlier, Quartz reported that a record 3.3 million individuals had rushed to join China’s stock market in the single week ending April 17. That was far above this year’s previous average weekly sign-up rate of 800,000.

After that week the market continued to grow until June 11, when it began a dramatic, prolonged crash that roiled markets worldwide. Quartz wanted to see how many people had…

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