Big Chinese Decline

BIG CHINESE DECLINE

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15:30:54 – 31/08/2009

As the news agency Bloomberg informs, on August 31 a sharp decline
of the Chinese fund market was reported, which is unprecedented in
the past 14 months. According to the agency, this is determined by
the slowing of the increase of the scale of loaning, which may hinder
the restoration of the economy.

Shanghai Composite had a decline of 6.7 percent as of August 31,
reaching 2667,75 points. This index is low by 23 percent from the
maximum reported on August 4, 2009. Shanghai Composite registered the
worst index among the 89 fund indexes in the centre of the attention
of the agency.