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

BIZCHINA> News
Stock plunge: Capitalism 101 for investors
(Washington Post)
Updated: 2007-03-02 08:50
While most of the world's stock markets looked to institutional investors to pull them out of this week's slide, China's exchanges depended heavily on people like Wang Weiping.
Wednesday morning, one day after a worldwide equity plunge was at least partially triggered by a massive sell-off at Chinese stock exchanges, Wang's portfolio had lost more than 10 percent of its value. But as other investors around her in the Liaoning Securities trading room in this northeastern city were agonizing over whether to sell as their stocks continued to sink, the 56-year-old retired government statistics worker was knitting a red sweater for her grandson.

Wang said she had seen the state-sponsored advertisements warning of the dangers of expecting immediate returns from the stock market. And she believed the government's promise that it would guard the stability of the financial markets.

She decided to hold. She was rewarded by afternoon, when the stocks rebounded.

"It's very normal for a stock market to go up and down. Those are part of the rules," she said, repeating almost word for word what experts from think tanks associated with the government had been saying all day.

To boost investor confidence Wednesday, the Chinese government took a variety of damage-control measures that included squelching rumors of a new capital gains tax. Even Premier Wen Jiabao spoke out. The official Xinhua News Agency said he would issue a statement Thursday calling for "deepened reform of the financial sectors as to enhance a sustained, healthy and safe development of the industry."

By the end of trading Wednesday, the key Shanghai index had regained 3.94 percent of its value after falling almost 9 percent the day before. Markets in the rest of Asia, however, continued to fall Wednesday: Tokyo was down 2.85 percent, Seoul lost 2.56 percent, and Hong Kong lost 2.46 percent.

Minggao Shen, a Citigroup economist based in Beijing, wrote in a report by three Citigroup analysts that the Shanghai sell-off was prompted by "ill-founded jitters" and that there was no significant new information revealed to justify it.

In the short term, the Chinese stock markets "will stabilize a bit," Shen said. "Some people need some time to adjust. It hurt many people. But I don't think there will be a bigger correction than this one."


(For more biz stories, please visit Industries)

   Previous page 1 2 Next Page  

当阳市| 闸北区| 佛冈县| 麻栗坡县| 乌恰县| 云霄县| 万盛区| 瓮安县| 磐石市| 五大连池市| 麻栗坡县| 上犹县| 安顺市| 合江县| 漠河县| 响水县| 长泰县| 英德市| 鄂托克旗| 凉城县| 鄂尔多斯市| 彩票| 陕西省| 浏阳市| 舟山市| 德阳市| 台中县| 沈丘县| 隆子县| 曲周县| 莱州市| 班玛县| 东明县| 吉首市| 盘锦市| 彭水| 太康县| 玛沁县| 青田县| 赤壁市| 中卫市|