Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Escape from market turmoil unlikely
Adjust font size:

The Shanghai stock market, which was closed last week for the National Day Golden Week holiday, is not likely to escape the turmoil that hit global exchanges when it resumes trading today.

The rejection by the United States House of Representatives of a US$700-billion bailout plan on September 29 sent stocks tumbling around the world. The House later passed a revised version of the plan to bolster the ailing US financial system but stocks there continued to free fall.

Last week, the Dow Jones Industrial Average ended 818 points lower, the biggest weekly point loss in seven years and the third-biggest weekly loss overall.

The Peopleís Bank of China said on Friday that the country welcomes the planís passage and it is confident China could sustain economic growth and financial stability.

The central bank said it would use macroeconomic policy to back sound growth in the economy.

To minimize the impact of the US financial crisis, the central bank also said the country would raise its ìprudent supervision of banks, while asking them to enhance their risk management.

The comment on the US bailout plan was to boost domestic investor morale to prevent the market from tumbling, said Zhang Hongbo, an analyst at Fullgoal Fund Management Co Ltd.

The remark indicated that the government may keep conducting favorable moves in the near future, so investors neednít be pessimistic about the market, Zhang said.

China has implemented measures to boost the sagging market, including scrapping a stamp duty on stock purchases and ordering state firms to buy additional shares.

The Shanghai Composite Index has added nearly 21 percent to 2,293.78 points up to September 26, the last trading day before the holiday.

(Shanghai Daily October 6, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- HK Shares end up after slump on open
- Banks' shares decline despite stake purchase
- Chinese shares down, snapping two-day rally on profit taking
- China shares surge 7.8% on easier buy-back rules, US rescue plan
- Shares rise to daily limit following stamp tax cut
Most Viewed >>
- Impact of global financial turmoil on China limited
- China welcomes US rescue plan
- Experts: China little affected by US financial crisis
- US House approves historic financial bailout plan
- KFC - 'a foreign brand with Chinese characteristics'
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 精品人妻无码专区在中文字幕| 亚洲va在线va天堂成人| 18禁裸体动漫美女无遮挡网站 | 欧美黑人巨大3dvideo| 免费观看黄a一级视频日本| 韩国理论片中文字幕版电影| 婷婷啪啪婷婷啪啪| 乱人伦一区二区三区| 欧美性猛交xxxx乱大交丰满| 亚洲精品无码久久久久久久| 草莓视频国产在线观看| 国产成人精品亚洲| 亚洲精品中文字幕无乱码麻豆| 国产精品自产拍在线观看| 97精品国产一区二区三区| 天天躁日日躁狠狠躁性色AVQ| 一级做a爰片欧美一区| 最近韩国免费观看hd电影国语| 亚洲日本一区二区一本一道| 美国一级毛片在线| 国产乱人视频在线播放| 香蕉久久久久久AV成人| 国内自拍青青草| a级日本高清免费看| 奇米影视久久777中文字幕| 一区二区三区内射美女毛片| 日韩人妻一区二区三区蜜桃视频| 亚洲中文字幕久久精品无码喷水| 精品一区二区久久久久久久网站| 向日葵app在线观看下载大全视频 向日葵app在线观看下载视频免费 | 伊人中文字幕在线观看| 男女生差差差很痛的app| 免费传媒网站免费| 精品一区二区三区在线观看l | 曰批免费视频观看40分钟| 亚1州区2区三区4区产品| 欧美xxxx网站| 人妻18毛片a级毛片免费看| 萍萍偷看邻居海员打屁股| 国产精品亚洲αv天堂2021| 一级做a爱一区|