The Chinese government has spent $236 billion to support the stock market

Almaty. September 8. Silkroadnews - The Chinese government has spent $236 billion (1.5 trillion yuan) to support the stock market, collapse of which began three months ago, reported  the agency TASS.
According to the experts of the investment bank Goldman Sachs, the overall cost to support the market shares of China is comparable to the cost of 9.2% of the total free-float (number of shares in free float) of the Chinese market. Only in August to help the stock market has been sent 600 billion yuan.
In late June, the Shanghai Stock Exchange's main index fell for the 15 trading days to 29% To date, the Shanghai Composite Index drop was more than 40%, reducing the capitalization of mainland China's stock exchanges at $5 trillion.
Then the National Bank of China on August 11 immediately devalued the national currency by 1.9%, on August 12 - by 1.62% and on 13 August - by 1.1%, to 6.4 yuan per dollar. National Bank of China announced on August 13 that the operation of the exchange rate adjustment as a whole are concluded, and that calmed investors. But the volatility in the Chinese market has touched not only neighboring countries but also had impact on the global financial market.
In July, the Ministry of Finance of China, despite the high volatility of the stock market in Mainland China, recommended the state companies not to sell the shares and acquire new ones.