News Snapshot:
LONDON, Aug 21 (Reuters Breakingviews) - President Xi Jinping is demurring from fast and furious stimulus in China as the world’s second largest economy loses momentum. Support measures appear piecemeal, the latest include a move to extend trading hours to jolt a battered stock market. But if there’s one thing that authorities cannot let slide, it is the weakening currency. Negative headwinds are dangerously synchronising. Signs of diminishing future returns on yuan-denominated assets keep coming. Bond defaults by China’s top property developer by sales Country Garden, for example, suggests there are no safe-havens in a sector accounting for a quarter...
