The dramatic slide in China’s stock markets this month threatens to breach the lows hit during last summer’s crash, and will test Beijing’s ability to calm skittish investors. The benchmark Shanghai Composite Index .SSEC , down around 14 percent so far this year, fell to as low as 2,867 points on Thursday, close to its 2,850 level in August, when Chinese policymakers scrambled to prevent a full-blown financial crisis, wheeling out a raft of support measures, including a so-called ‘National Team’ of investors who participated in a market rescue. Some market players expect the National Team to do the same again to stop the index from breaching the low. “SSEC’s 2,850 low is a level worth defending for the National Team, and a level where investors should bet for a decent rebound,” said Samuel Chien, a partner of Shanghai-based hedge fund manager BoomTrend Investment Management Co. Chien said some […]