Shanghai copper futures rose for the second consecutive day yesterday, but lagged Wednesday's London Metal Exchange gains because of rising stocks in China.
Chain retailers saw fast growth last year, with mergers and acquisitions helping major players to consolidate their positions.
Shanghai's main stock index came sharply off the day's highs yesterday to close slightly higher, underperforming foreign markets because of concern about slowing economic growth and huge supplies of fresh equity.
Shanghai's real estate agents are keeping prices high despite talk of a property slowdown that's stifling homebuyer enthusiasm.
Hong Kong stocks rose yesterday, buoyed by property plays, but trade was volatile as a slide in Shanghai and $19 billion in new writedowns for Swiss bank UBS rattled investors.
China has rewritten both the theory and history of economic development. In just 30 years, it has gone from the brink of economic collapse to the cusp of a newfound prosperity.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
