china securities finance corp.able to access $483 billion that includes central bank and commercial lenders. that is the latest as the government is trying to stop a selloff that caused the market to lose more than one third of its value. look at that time line in just one month. joining us is catherine, a strategist. when you see that, what do you think? >> i think it is an enormous contradiction. this is a short-term play to prop up the stock. they should liberalize market policy, so an enormous contradiction. why? to maintain credibility and belief. this is a regime trying to liberalize itself. it needs the backing of its own people. secondly, a deceleration, so you have equity markets increasing. that makes people feel wealthier and improves consumption. what is most important here is they have not reached the target. and dropped 38% in the past month or so. we are still 500 points from the target. there is more to come. this particular initiative is a direct purchases of equities and mutual funds. joe: we had

china's securities finance corp. has been seeking liquidity to help the market. eing sought from the people's bank of china. the final amount has yet to be determined and may more than $80 billion. european leaders have given a deadline or they will take the step of pushing greece out of the euro. they say there are only a few days left to find a solution and angela merkel said she was not especially optimistic. there are details to cut 12 billion pounds of euros. he attempted to turn a budget deficit into a surplus by 2019. ryan: the budget obd focus of the next conversation. the company has 1400 employees in the u.k. thank you for being with us. andrew, i want to start with you. we are going to get this budget from the chancellor. what would you like to see? andrew: we are a manufacturer as well as a consumer facing retailer. we are looking for some support for investments that help our efficiency. we are spending one million pounds this summer increasing our capacity. there is not much support coming our way to make that happen. it is hard being a manufacturer

when you look at the restrictions put out there, i believe that the china security finance corps, theto allow selling or shorting of small cap stocks. my feeling is they're trying to protect the chinese investor who's generally -- i hate to say it -- a bottom up picker. very similar to a u.s. investor during the tech bubble and crash who were also very new amateurish investors learning for their first time what does a bear market feel like and what does margin feel like after the fact. >> that's a great point because a lot of this is speculative opposed to investing. but what about the whole policy on margin accounts and leverage around it? i'd love to hear that. is that going to shift now as a result of this experience? >> from what we've seen with the chinese policy makers they're reactionary. the finger pointing has started. and complacency is something they can't do. so to turn off the spigot is something we'll likely see. it's something we've seen in the u.s. as well. enron leads to something. there's always going to be a reaction. >> i think it's interesting that this made the f