Monday, August 31, 2009

Is China resuming its bear market?

By: Anthony_Cherniawski

China’s stocks fell, with the Shanghai Composite Index completing a fourth weekly decline, on concern government measures to curb lending and production in industries including steel and cement will slow economic growth. The Shanghai index has fallen 18 percent since this year’s peak on Aug. 4 as banks reined in lending to avert asset bubbles and policy makers advised industries such as steel and cement to curb overcapacity.

Update: Poll - China Funds cut stock weightings in liquidity fears.

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