China has enlisted $800 billion worth of public and private money to prop up its wobbly stock markets, a Reuters analysis shows, but the impact of the unprecedented government-orchestrated rescue has so far been modest. Public statements, media reports and market data reveal that Beijing unleashed 5 trillion yuan ($805.2 billion) in funds – equivalent to nearly 10 percent of China’s GDP in 2014 and greater than the 4 trillion yuan it committed in response to the global financial crisis – to calm a savage share sell-off. But while the 2008 stimulus package staved off recession, analysts wonder what benefit the stock rescue package can bring to offset the risk the government is buying stocks at valuations private investors are no […]