Overnight the Chinese government cracked down on short-selling, unveiling rules that will make it harder for speculators to profit from hourly price changes. CNBC spoke with two analysts about whether the move is a good one for the Chinese markets long term.
China bear
Peter Boockvar, chief market analyst at The Lindsey Group, said that Chinese officials have thrown price discovery out the window and have thus "broken the market."
"Unfortunately after creating the bubble and responding to the downturn, this is a mess they have gotten themselves into," he said in an interview with CNBC's "Power Lunch" on Tuesday. "Their main intention here, I think, is to see the margin debt levels fall to a level they are comfortable with, then they'll eventually walk away, but they've destroyed the market."
China bull
Karyn Cavanaugh, senior market strategist at Voya Investment Management, said that investors are missing a larger concern, which is that China has been slowing down for a while.
"China is still an emerging market, and it is going to be volatile," she said in the same interview. "Patient investors are willing to endure some volatility in exchange for long-term returns, and the Shanghai market is still up."
Read MoreChina stock exchanges step up crackdown on short-selling
She also cautioned from comparing China, which is still an emerging market, to a developed market such as the U.S.