Xi Cracks Down on Short Sellers Amid Plunging Chinese Stock Market
• Chinese President Xi Jinping announces crackdown on short sellers as stock market plunges • China Securities Regulatory Commission bans lending out shares for trading purposes starting Monday • Additional restrictions on securities lending expected in March • Market interventions by Chinese authorities have so far failed to shore up plunging stock market • Xi admits economic weakness, says aware people struggling with basic needs amid manufacturing slowdown