ABSTRACT
Xi Jinping's slogan is "China's Dream." On the domestic front, that dream clearly involves the stock market. Xi named the Chinese stock market "the anchor of 'the Chinese Dream,' " and Premier Li Keqiang's slogan is "let the market do what it does best." The Chinese government took unprecedented moves to stop the collapse of China's stock markets. China's central bank, the People's Bank of China (PBOC), lowered the interest rate and the reserve requirement on June 28, 2015. The Chinese government's efforts to shore up China's stock markets involve setting up a "national team" of "secretive" state entities that purchase stocks. On July 1, 2015, China's legislature's standing committee approved a new national security law that defines "national security" extremely broadly. Xi Jinping's government not only wants absolute control over the news media and internet, it also wants absolute control of China's education, lawyers, nongovernment organizations, and religion.
