Tuesday, April 27, 2010

China’s Stocks Fall to Six-Month Low on Slowing Economy Concern

April 27 (Bloomberg) -- China’s stocks fell, driving the benchmark index to a six-month low, on concern government measures to cool the property market will damp consumer spending and curb demand for raw materials.

“The property industry is one of the pillars of China’s economy and the effects of a downturn would filter throughout the whole economy,” said Zhang Xiuqi, a Shanghai-based strategist at China International Fund Management Co., which oversees about $10.2 billion FULL STORY

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