Absolutely amazing!  China is limiting share sales to prop stock market.   It’s only a matter of time before the whole thing plunges and falls apart; what will be the catalyst?

Aug. 1 (Bloomberg) — China is restricting approvals for share sales to keep new supply of equities from putting additional pressure on the world’s worst-performing major stock market, two people familiar with the matter said.

The China Securities Regulatory Commission is delaying the issuance of written approval documents, the final regulatory stage, to companies preparing initial public offerings, said the people. They declined to be identified because they aren’t authorized to speak publicly on the matter.

…

“Controlling share sales is an important tool for CSRC, and it’s effective in the short term,” said Leo Gao, who helps manage the equivalent of $2.3 billion at APS Asset Management Ltd. in Shanghai. “More stock sales in a bear market is bad news” for investors.

Everything is a “short term” solution to the world wide economic meltdown right now.   The Fed’s lending facilities, “short term,”  the SEC’s short selling rules are of course, “short term”,  the Fed’s artificially low rates are “short term” as well as Congress’ “give blank check to Treasury” is “short term” and “temporary.”

It’s over people.  The writing is on the wall and it reads, short term.