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China Daily | Updated: 2009-08-29 08:12

Stocks fall 2.9%

China's benchmark Shanghai Composite Index sank 2.9 percent to close at 2,860.688 points on Friday and posted a loss for a fourth straight week, led by bank stocks after reports that Chinese banks' August lending may drop sharply, trimming liquidity flowing into stocks.

COSCO cancels orders

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