Shanghai market gets off to bad start
From the China Daily News:
Two factors influenced the Chinese market in Shanghai: the Chinese blizzards and the United State's housing market. Worries and concerns about the US housing turmoil hit Shanghai in the wallet. More than the United State's economy rides on the effects of sub-prime mortgage lending. Investors in both the Chinese and US markets are weary of buying in the face of a potential American economic recession. Read the rest of the story:
http://www.chinadaily.com.cn/cndy/2008-02/14/content_6453729.htm
Two factors influenced the Chinese market in Shanghai: the Chinese blizzards and the United State's housing market. Worries and concerns about the US housing turmoil hit Shanghai in the wallet. More than the United State's economy rides on the effects of sub-prime mortgage lending. Investors in both the Chinese and US markets are weary of buying in the face of a potential American economic recession. Read the rest of the story:
http://www.chinadaily.com.cn/cndy/2008-02/14/content_6453729.htm
posted by Michael W. at 6:50 PM
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