The Shanghai stock market fell yesterday and the main index posted a loss of 16.7 percent for January, its second largest monthly drop this decade, because of turmoil in global markets and fears of an economic slowdown.
Investment in Shanghai's real estate market is expected to grow less rapidly and become more vulnerable to policy uncertainties in 2008, according to several large real estate service providers.
Shanghai stocks were mixed yesterday as turnover remained thin and banking shares slid on concern about increasing equity supply, rising inflation and monetary tightening.
A non-governmental body set up by Chinese and German entrepreneurs is trying to forge closer business and cultural ties between the two nations.
Shanghai stocks stabilized yesterday after Monday's sharp plunge as investors took note of the latest government measures that could boost market liquidity.
The German business community is optimistic about operations in China, despite the obstacles, according to a recent survey.
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Raymond Zhou
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Chen Weihua
