Tuesday, November 18, 2008

China’s Stock Index Plunges Most Since June on Growth Concern

Chinese stocks dropped in its worst decline since June, prompting major concern for the well being of the country's economy. This development shows that the global recession is having an impact on China, which is the world's fastest growing major economy. Investors are currently not investing as much. In response, China has developed an economic stimulus plan.

China Shenhua Energy Co., Jiangxi Copper Co., and Aluminum Corp. of China Ltd. all fell yesterday.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a2SMWycMnKbA&refer=home

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