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The tighter conditions have been blamed for weakness across Chinese assets.

The Shanghai Composite Index is down roughly 7% since early April, while five-year government bond yields have edged above 3.6%. If the past is any indication, the fall in Shanghai-listed stocks could put a lid on the S&P 500’s extended bull run.

such measures have attracted the derisive nickname "The Great Firewall of China." Amnesty International notes that China "has the largest recorded number of imprisoned journalists and cyber-dissidents in the world" The offences of which they are accused include communicating with groups abroad, signing online petitions, and calling for reform and an end to corruption.

The escalation of the government's effort to neutralize critical online opinion comes after a series of large, anti-pollution, anti-corruption protests, and ethnic riots, many of which were organized or publicized using instant messaging services, chat rooms, and text messages.

Beijing is tightening credit, putting pressure on Chinese assets and leaving investors to wonder if the ripples will spell trouble for U. Over the eight months that bookended China’s equity slump, the S&P 500 which aggregates the values of select stocks in the U. and other developed markets, lost around 20% of its value.

After all, China’s 2015 stock-market plunge weighed on the U. and world markets, temporarily wiping out trillions of dollars in market capitalization.

The three-month Shanghai interbank offered rate, or SHIBOR, now stands at 4.37%, the highest since April 2015, according to data from the China Foreign Exchange Trade System, the interbank trading and foreign exchange division of China’s central bank.

But ultimately in the end, it agreed that troops were necessary.

The mission fell to the Marines, who eagerly dispatched the first part of the 3 Marines, augmented with artillery, armor and several aircraft squadrons arrived in Shanghai early May aboard the USS Henderson.

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