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Monday, July 16, 2012

China stocks slump to six-month low on growth concern - Xinhua

 
An investor looks through stock information at a securities trading hall in Qingdao, east China's Shandong Province, July 16, 2012. China's stocks slumped Monday to the lowest in more than six months, in wake of growing market concerns over future economic prospect. The benchmark Shanghai Composite Index plunged 1.74 percent, or 37.94 points, to close at 2147.96. The Shenzhen Component Index tumbled 2.57 percent, or 251.6 points, to close at 9,540.89. (Xinhua/Huang Jiexian)


BEIJING, July 16 (Xinhua) -- China's stocks slumped Monday to the lowest in more than six months, in wake of growing market concerns over future economic prospect.

The benchmark Shanghai Composite Index plunged 1.74 percent, or 37.94points, to close at 2147.96.

The Shenzhen Component Index tumbled 2.57 percent, or 251.6 points, to close at 9,540.89.

Chinese Premier Wen Jiabao warned over the weekend that the country's economic rebound is not yet stable and economic hardship may continue for a period of time.

Related:

Premier Wen urges efforts to boost dynamism of economic growth

CHENGDU, July 15 (Xinhua) -- Premier Wen Jiabao has called for greater efforts to strengthen the vitality and dynamism of economic growth.

Speaking during an inspection tour of southwest China's Sichuan province from Friday to Sunday, Wen said the economy is running at a slower but more stable pace.  Full story

China's Q2 GDP growth slows to 7.6 pct

BEIJING, July 13 (Xinhua) -- China's economy expanded 7.6 percent year-on-year in the second quarter of 2012, slowing from 8.1 percent in the first quarter, the National Bureau of Statistics (NBS) said Friday.

The figure, which marked the sixth consecutive quarter of decline, revealed the slowest growth pace since the first quarter of 2009 and was within market expectation of below 8 percent.  Full story

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