In a bid to stem the stock market crash, China has presented a true picture of itself to the entire world that they are the manipulators and all games in China are rigged ones.

Be it Yuan or be it stocks, government just can't let the market participants find the suitable price, what is known as free market theory. Instead the government has come out with almost anything under the sun to make the stocks speak their language. As of now, market seems to be speaking its own language.

However, the governments' failed attempt so far has not only spooked foreign investors but a sense of disgust seems to be prevailing among them.

After second sharpest plunge (-8.48%) on Monday, Chinese authorities have directly intervened in the market through a set of institution, known popularly as "The national team".

The national team consists of Securities finance corporation (SFC), large insurance houses, state owned brokerages and Central Huijin investment, holding company for the government's majority stake in China's largest financial institutions.

After 8.48% plunge on Monday market opened 4% lower and at point was down about 5%, and finally recovered due to state buying. Benchmark index, Shanghai Composite closed at 3663, down -1.68% for the day.