日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

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
 
主站蜘蛛池模板: 国产欧美久久一区二区三区 | 午夜国产电影 | 国产成人精品影院狼色在线 | 日本中文在线 | 亚洲aⅴ天堂av在线电影软件 | 国产五月婷婷 | 波多野结衣中文在线观看 | 成人欧美一区在线视频在线观看 | 奇米精品 | 四虎精品8848ys一区二区 | avbobo在线 | 99这里只有精品视频 | 成人高清在线 | 精品国产一区二区在线 | 久久亚洲视频 | 暖暖日本在线播放 | 五月婷婷久久草丁香 | 三级国产精品一区二区 | 亚洲一区二区三区在线播放 | 免费成人直播 | 久久国产精品偷 | 天天综合网在线观看视频 | 97av在线 | 免费福利视频在线观看 | 色综合久久天天综合观看 | 欧美高清视频一区 | 日日干天天| 久久精品一本到99热免费 | 黄网免费视频 | 国产成人精品视频播放 | 国产精品综合视频 | 激情成人综合网 | 97天堂 | 亚洲欧美在线免费观看 | 在线免费国产 | 久久综合欧美 | 久久亚| 亚洲午夜成激人情在线影院 | 福利二区 | 午夜丰满少妇高清毛片1000部 | 奇米第四色888 |