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Thread: Chinese stocks dropping!!!
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[quote=DREAMLIFE,246075]Tuesday, the CPI of August came out. Compared with the same period last year, it rose 6.5%. The investors felt panic at this news. On the same day, Shanghai Composite Index dropped 4.51%, and the Shenzhen Component Index slumped 4.4%. What's more, Hong Kong was also affected by the slide in mainland. The Hang Seng index slumped 0.2 percent. It seems that investors care much about CPI, the marker of inflation. The continuing increase of CPI suggests that Chinese economy has been over-heated and the central government might adopt more server measures to control the excess liquidity. About 200 billion yuan of special treasury bonds will be sold to the market by the end of 2007. What do you think of the drop of Chinese shares? Will the stock market step into its downturn? [/quote]
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