Health of stock market
China Daily | Updated: 2012-07-17 08:04
The domestic A-share stock index hit new lows on Monday, which should prompt regulators to reflect on the effectiveness of their reform measures.
The benchmark Shanghai index fell by 1.74 percent, sliding to its lowest level since 2009. Commentators attributed the slump to market concerns about worsening profits as the economy shows entrenched signs of a slowdown.
But policymakers should be aware of the fact that facing the same international financial market turbulence and weakening economy, most major stock markets overseas have far outperformed the domestic one this year.
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