China's national team players are reluctantly propping up the stock market

<p>This is via an opinion piece from Reuters, saying the support for 'national team' buying of stocks (intervention to prop up the market) is only tepid. </p><p>Reuters says:</p><ul><li>More than 1,100 companies led by battery
giant CATL have responded by spending $9 bln buying back shares in Shanghai and Shenzhen so far this year</li><li>Yet that’s only a tepid increase from 2022 when firms spent about 60 billion yuan on share buybacks</li></ul><p>Despite the increase Reuters says that "Corporate support
looks half-hearted". </p><p>—</p><p>It's a tricky argument to make given the increase though. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.