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ncar not getting increasingly desperate to stem the panic in its stock market on saturday twenty eight chinese companies canceling their initial public offerings on that country stock exchanges the wallstreet journal reporting on a meeting where chinese political leaders the central bank and regulators made the call to cancel all i. p. owes investors looking at the intervention as an effort to stabilize markets in shanghai and hong kong where so far other measures have failed rotors investment editor jenna blonde has been talking to some big american investors there's been a lot of worries about what's going to happen , uh mohammed al arian says you can see that even the rate cut that took place last weekend arm by government officials students time any of that %HESITATION scare so there is fear out there from the biggest u. s. investors and those worries are spreading to investors everywhere with chinese stocks taking a thirty percent beating since mid june this concern a prolonged market slump could further drag the world's second largest economy and hurt its trading partners , another risk to global market sentiment already shaky over the greek debt crisis