Via Huffington Post:
China announced a flurry of new moves Wednesday to halt a stock market slide. The result? Another big dive in share prices.
The government told state companies and executives to buy shares, raised the amount of equities insurance companies can hold and promised more credit to finance trading.
Hundreds of companies have halted trading in their stock after emergency measures announced last weekend failed to stop a rout that has dragged down the benchmark Shanghai Composite Index by more than 30 percent since early June.