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  • Big Chinese Decline

    BIG CHINESE DECLINE

    Lragir
    http://www.lragir.am/src/index.php ?id=economy&pid=15019
    15:30:54 - 31/08/2009

    As the news agency Bloomberg informs, on August 31 a sharp decline
    of the Chinese fund market was reported, which is unprecedented in
    the past 14 months. According to the agency, this is determined by
    the slowing of the increase of the scale of loaning, which may hinder
    the restoration of the economy.

    Shanghai Composite had a decline of 6.7 percent as of August 31,
    reaching 2667,75 points. This index is low by 23 percent from the
    maximum reported on August 4, 2009. Shanghai Composite registered the
    worst index among the 89 fund indexes in the centre of the attention
    of the agency.
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