China’s shocking start to 2022 adds pressure on authorities to calm markets

China’s pledge to ensure economic stability is being tested by renewed turbulence in its financial markets, prompting officials to take more conspicuous measures in what is a politically crucial year. 

Investors have had a lot to digest this week. Tencent’s partial divestment of a listed company exacerbated a $1.2-trillion (about R19-trillion) sell-off in Chinese tech shares, and one of the country’s largest bad-debt managers lost more than half its value in the equity market after a $6.6bn bailout…