As China’s summer stock slide deepened, threatening a key plank of Beijing’s plan to overhaul the world’s No. 2 economy, the country’s premier pounded the table and demanded that regulators get their act together. Meeting with senior financial and economic officials in Beijing on July 4, Li Keqiang criticized them for failing to anticipate the severe market plunge, officials with knowledge of the gathering said. Then he urged them to act in a coordinated way to stanch the bleeding, these officials said. “I want strong measures to rescue the market,” ordered the usually mild-mannered premier, according to the officials. At the meeting were those in charge of China’s central bank, the country’s securities and banking regulatory agencies and the Finance Ministry. The regulators, who had previously acted in isolation and sometimes at cross-purposes, responded. China’s central bank unleashed a flood of money aimed at a state agency tasked with […]