If corporate management, like diplomacy, can be said to be war by other means, China’s two most famous military strategists would probably approve of the moves by more than 1,400 Shanghai and Shenzhen-listed companies to suspend trading in their shares. Both Sun Tzu, author of the Art of War, and the father of China’s Communist revolution, Mao Zedong, knew the folly of an army venturing on to the battlefield when conditions were not its favour.
How extensive are the suspensions?
On Wednesday morning hundreds more companies said they would suspend trading, bringing the total to 1,476, more than half of China’s 2,808 listed companies.
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