Blaming a Business Journalist for Market Turmoil Is Misguided

Since the Chinese stock market was routed in mid-June, every step taken by the authorities to prop up share prices has come under intense scrutiny by the global financial community. Admiration for China's spectacular economic achievement little by little gives way to confusion and dismay. Crowning the ill-advised efforts to contain the bear run is the arrest of a business journalist for causing panic in the market. The scapegoating squandered good will toward China's financial authorities in managing a dynamic, nascent capital market.