China’s News Media Largely Silent Amid Market Losses

HONG KONG — After China’s stock markets crumpled, prompting a global sell-off, People’s Daily, the premier newspaper of the Chinese Communist Party, had other things on its mind on Tuesday.   There was no mention of the market mayhem on the newspaper’s front page, which featured a report about economic development in Tibet. Indeed, there was not a single reference to the stock markets throughout the entire 24 pages of the paper, which dwelled instead on the forthcoming 70th anniversary of Japan’s defeat in World War II.