China’s ‘national team’ buys shares worth $9bn to prop up market

China's state-backed national team has purchased $9 billion in shares to stabilize equity markets. This move follows a sharp AI tech sell-off last week and continues a pattern of government intervention that began in 2015. State-owned funds executed these stock purchases to prop up the market, ensuring stability amidst volatility. The action reflects the ongoing strategy of the Chinese government to manage its stock market through strategic financial injections during periods of decline.