3 reasons markets lost faith in China's economy, at a glance

For decades, Chinese economic policymakers have drawn praise for keeping their economy growing strongly through turbulence, such as the Asian financial crisis of 1997-1998 and the worldwide financial tumult of 2008. But investors have begun to lose faith in Beijing's economic management. Three reasons why: — A STOCK MARKET DEBACLE As China's economy slowed, the government decided to deploy the stock market to ease the pain. State-run media talked up stocks, and individual investors responded by buying shares and igniting a 150 percent run-up in the Shanghai Composite stock index in the year through June. The hope was that Chinese companies could issue shares into a...