Chinese shares dip 3.57% on weak market confidence

(Xinhua)
Updated: 2008-10-10 21:34

Pharmaceutical shares rose in general as it was widely expected the on-going third plenary session of the 17th Central Committee of the Communist Party of China (CPC) would announce new policies to boost the medical and the pharmaceutical sectors. Jiuzhitang, a leading pharmaceutical company rose 6 percent.

Vice Premier Wang Qishan said on Thursday the country was fully confident and capable of overcoming the current economic difficulties, vowing to work closely with other countries to safeguard stability of the global financial market.

Wang, in his meeting with former German Chancellor Gerhard Schroeder, said China had already taken relevant measures to face up to the turbulence of the international financial market. As the largest developing country and a rising market, its priority was to well handle its own problems.

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