"We Were Wronged"

I hear her heart beating
Loud as thunder
Saw their stars crashing
--David Bowie

China's massive attempts to prop up its failing financial markets comes with an amusing new twist: blaming the Fed's presumed Sept rate hike for Chinese market turmoil.

A Chinese central bank official claims global stock market volatility "was mainly due to the upcoming US Federal Reserve monetary policy move. We were wronged."

Let's assume that China has officially joined the growing list of entities begging the Fed not to raise rates.