Stable Chinese stock market good for world

With the benchmark Shanghai Composite Index successfully leveling off above 4,000 points nowadays after plummeting more than 30 percent in weeks, the Chinese authorities have seemingly succeeded in shoring up investors' confidence.

The fact that China's trillion-dollar securities market has stopped hemorrhaging speaks volumes about China's capability and determination to maintain the market's healthy development.

At a time when the global economy is witnessing its slowest growth rate since the 2008 global financial crisis and Chinese economic growth is catching wide attention, the decisiveness of the Chinese authorities in taking all means possible to stop the spread of stock market risks has been invaluable.