综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Equities slump amid slow-growth estimates

By WANG YING in Shanghai | China Daily | Updated: 2013-06-14 01:55

Equities slump amid slow-growth estimates

An investor sits in a brokerage office in Jiujiang, Jiangxi province, on Thursday, as mainland stocks plunged to the year's low. The losses followed several previous days of declines. [HU GUOLIN / FOR CHINA DAILY]

Chinese shares dropped for an eighth consecutive day Thursday against a backdrop of unexpected economic weakness and concerns about possible capital flight, which have overshadowed Asian bourses for weeks.

Investor sentiment was further depressed by word of a resumption in initial public offerings, which many believe could depress market liquidity and put pressure on share prices.

The benchmark Shanghai Composite Index fell 2.83 percent, the biggest one-day fall since March 4, to 2,148.36 points, the year's low. The previous low was 2,174.12 on May 2. The Shenzhen index slipped 3.78 percent to 8,432.42.

Lackluster statistics released ahead of the Dragon Boat Festival (Monday to Wednesday) holiday showed the economy is growing more slowly than expected, said Zhang Qi, an analyst from Haitong Securities Co Ltd.

In May, industrial output expanded 9.2 percent year-on-year, down from April's 9.3 percent increase.

Exports edged up 1 percent to 1.14 trillion yuan ($185.8 billion), well below market expectations of 7.3 percent growth, while imports contracted 0.3 percent to 1.01 trillion yuan, missing market expectations of 6 percent growth.

The consumer price index, a main gauge of inflation, rose 2.1 percent year-on-year in May, slowing from 2.4 percent in April, and the producer price index, which measures inflation at the wholesale level, fell 2.9 percent year-on-year in May, both pointing to a sluggish end-user market.

The World Bank has cut its economic growth forecast for China to 7.7 percent in 2013 from an earlier projection of 8.4 percent, suggesting Chinese policymakers are looking to rebalance the nation's growth model.

The United States Federal Reserve Board is likely to gradually scale down and finally phase out the quantitative easing program as the US economy picks up, which means there will be much less "hot money" circulating in the stock market, said Wang Jianhui, chief economist with Southwest Securities Co Ltd.

Previous 1 2 Next

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
青田县| 遂平县| 乌兰浩特市| 建宁县| 柘荣县| 汾西县| 互助| 且末县| 上林县| 亳州市| 罗城| 通山县| 富蕴县| 南昌市| 广元市| 灵丘县| 安吉县| 沂南县| 九龙坡区| 东至县| 鄱阳县| 徐州市| 襄樊市| 驻马店市| 商丘市| 海林市| 温州市| 商都县| 喀喇沁旗| 云霄县| 克什克腾旗| 昔阳县| 拉萨市| 汶上县| 宁河县| 大关县| 达拉特旗| 临漳县| 通州市| 十堰市| 德昌县|