Latest News:  
Beijing   Sunny/Cloudy    26 / 16   City Forecast

Home>>China Business

Stocks fall to lowest in 15 months on slowdown

(People's Daily Online)

15:33, September 29, 2011

China’s stocks fell on Thursday, dragging the benchmark index to the lowest level in as many as 15 months, as investors continued sell-off amid thickening concerns of an imminent economic slowdown.

The Shanghai Composite Stock Index, tracking the bigger of China’s two stock exchanges, dropped 26.72 points, or 1.12 percent, to close at 2365.34 points on Thursday.

China’s two stock markets in Shanghai and Shenzhen, near Hong Kong, will be closed for a week early October, as the country celebrates the National Day holidays.

Stocks of financials including banks and major insurance and brokerages led the decline because of the market sentiment that a slowdown in the world’s second largest economy could negatively impact the income of China’s banks and other financial companies.

Though some Chinese economists are calling for Beijing authorities to relax its tightening monetary policies, the still-elevating inflation levels - caused in essence by an oversupply of credit in the past two years – have weighted on the country’s decision-makers.

Policy-makers are unlikely to relax tightening policies in the short term so the market is still in the process of seeking its bottom and support, say market analysts.


Leave your comment0 comments

  1. Name


Selections for you

  1. 41 coach passengers trapped in snow, NW China

  2. 2,562nd birthday of Confucius marked around China

  3. Some 30 African flamingoes introduced in Jinan zoo

  4. Japanese pupils experience happiness of reaping rice

Most Popular


  1. Shanghai's metro crash sends more alarms
  2. Russian political transition is 'multivariate equation'
  3. Western debt crisis shows 10 contradictions
  4. The signal of Shanghai subway crash
  5. BRICS could give crucial aid to debt-laden Europe
  6. Ulterior motives lie behind 'Asia-minus-one' concept
  7. Europe replaces US as new source of financial crisis
  8. US, China cost of living comparison misleading
  9. China needs stronger case in S. China Sea issue
  10. US should abolish 'Taiwan Relations Act'

What's happening in China

Accidents a red signal for metro expansion

  1. Railway funds drying up as debt increases
  2. Beijing is 'grayer' than ever
  3. Crunch comes for those with underground loans
  4. Foreign pilots call for better safety systems
  5. Lanzhou has worst air in nation: report

PD Online Data

  1. Challenge to the traditional view of love and marriage
  2. House means happiness? Young Chinese' home-owning dream
  3. Fighting AIDS,China is acting
  4. Worldwide Confusius Institutes
  5. Chinese Qingming Festival