# Professor Robert Whitelaw on China's government taking steps to stabilize the country's stock market

1 Faculty News July 9, 2015 The New York Times ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](http://www.nytimes.com/2015/07/10/business/international/why-chinas-stock-market-bailout-just-might-work.html?_r=0) -- "There have been rumors that the government is readying a much larger fund for direct stock purchases. 'The Chinese government doesn’t care about losing a few billion dollars here or there,' [Mr. Whitelaw](http://www.stern.nyu.edu/faculty/bio/robert-whitelaw) said. 'They’re trying to protect investors and maintain stability. Who wouldn’t want that?'"

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