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China Daily | Updated: 2010-04-17 08:00
Stocks fall on govt measures
China's stocks fell, extending declines to a second week, on concern the government will take stronger measures to slow the world's fastest-growing major economy.
Industrial and Commercial Bank of China Ltd and China Construction Bank Corp, the nation's top two listed lenders, dropped at least 1 percent after the government raised minimum mortgage rates and down payment ratios for buyers of more than one home. China Shenhua Energy paced decline among raw-material producers on concern slower growth will sap demand for commodities.
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