Stocks continue to slide
By Irene Shen | China Daily | Updated: 2011-09-09 07:48
SHANGHAI - Stocks on the Chinese mainland fell for the fifth time in six days on Thursday.
The decline was sparked by concerns that the central bank may raise interest rates to stem inflation, damping the outlook for economic growth.
"There are no signs of loosening monetary policy," said Wu Kan, a fund manager at Dazhong Insurance Co, which oversees $285 million. "Inflation may rebound after easing in August, given the rising prices for pork and other goods."
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