Volatility in China’s stock markets is nearing its end, a central bank official said, after Group of 20 finance chiefs flagged concerns about potential global spillovers. The Chinese government has intervened to prevent the “free fall” of the stock market even as it feels an adjustment is “normal,” Zhu Jun, Director-General in the People’s Bank of China’s international department said in an interview on Saturday in Ankara. The Shanghai Composite Index has tumbled 39 percent since June 12, when the gauge reached its highest level in more than seven years. China’s surprise decision to revalue the yuan as it tried to ... (full story)