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Thread: The slump in Chinese stock market is due to the US economy slidedown?
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[quote=FRANKENSTEIN,278979]So far, the Shanghai Composite Index has slumped 4.13 percent and Shenzhen Component Index down 6.33 percent. The news reports that about 90 percent investors hope the government can do something to save the market, for example, cutting the stamp tax on stocks. However, the government doesn't seem to take any measure. Some analysts even claim that the stock market could go its downturn if the government doesn't take measures. For the cause of the slump in the stock market, the Chicago Tribune claims that it is US economy that puts damper on the stock boom in China. What do you think of it? Except this reason, are there any other factors? The link to U.S. economy puts damper on the stock boom in China: http://www.chicagotribune.com/business/yourmoney/sns-yourmoney-0330china,0,220062.story[/quote]
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