三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Equities nosedive on sluggish manufacturing gauge

Updated: 2011-09-23 09:42

By Irene Shen (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

SHANGHAI - China's stocks fell by the most in six weeks on Sept 22, as a measure of manufacturing weakened and Credit Suisse Group AG said funding might be tightened for property developers.

China's manufacturing might shrink for a third month in September, the longest contraction since 2009, after a preliminary index of purchasing managers, released by HSBC Holdings Plc and Markit Economics, showed measures of export orders and output declined.

The preliminary reading of 49.4 compares with the final reading of 49.9 for August and 49.3 for July. A reading below 50 indicates a contraction.

"Companies' earnings will slide in the third quarter as tight monetary policy curbs economic growth and increases lending costs," said Yang Delong, a fund manager at China Southern Fund Management Co, which oversees $21 billion.

The Shanghai Composite Index lost 2.8 percent to 2,443.06. The measure has slumped 13 percent in 2011, extending last year's 14 percent plunge. The CSI 300 Index dropped 3.1 percent to 2,686.69 on Sept 22.

Stocks on the Shanghai gauge trade at 11.2 times estimated profit, matching the lowest level on record set on Sept 19, according to data compiled by Bloomberg.

The pace of the nation's economic growth will see a "noticeable" decline in 2011 to 2015 compared with the previous 10 years, Li Daokui, an adviser to the People's Bank of China, the central bank, said in an interview with Internet portal Netease.com.

It would be unrealistic to expect growth of above 9 percent in the next three years although expansion may be above 8 percent, he said.

A gauge tracking energy producers in the CSI 300 Index slid 3.2 percent. China Shenhua Energy Co, the biggest coal producer in the country, retreated 3.4 percent to 25.68 yuan ($4).

China will levy a tax on resources based on their value and volume, according to a statement on the government's website. The country currently imposes resource taxes on producers of oil, natural gas and coal based on volume.

The tax increase will cut profits of oil explorers and coal miners.

The Shanghai Stock Exchange Property Index sank 4.2 percent, the lowest close since March 2009.

Reuters reported that the China Banking Regulatory Commission ordered trust companies to inform the regulator of business dealings with Greentown China Holdings Ltd, which may be a sign that China is trying to restrict financing sources for developers, Credit Suisse analyst Du Jinsong said on Thursday.

"If the Greentown news was true, investors are worried that the regulator will further tighten developers' financing through trust funds," said Johnson Hu, a Hong Kong-based property analyst of CIMB-GK Securities Research. "Financing through trusts accounts for quite a big piece of developers' total financing."

Greentown said in a statement it hasn't received a notice from the banking regulator and there is no investigation into the group.

Bloomberg News

主站蜘蛛池模板: 欧美伦理片在线 | 极品国产一区二区三区 | 免费国产不卡午夜福在线 | 在线观看成人 | 亚洲午夜一级毛片 | 国产精品爱啪在线线免费观看 | 中文字幕日本亚洲欧美不卡 | 欧美日韩亚洲m码色帝国 | 又黄又爽的视频 | 日韩在线aⅴ免费视频 | 国产精品黄色片 | 国产精品白丝喷水在线观看 | www日韩免费高清视频 | 国产精品国产福利国产秒拍 | 偷窥自拍有声 | 亚洲精品一区二区三区中文字幕 | 福利视频一区二区 | 美女视频一区二区三区在线 | 久久亚洲国产 | 日韩欧美一区二区久久黑人 | 成年人网站在线观看视频 | 92精品国产自产在线观看48页 | 欧美性生活视频免费播放网址大全观看 | 黄色综合网 | 免费国产好深啊好涨好硬视频 | 国产成人v视频在线观看 | 久草视频福利在线 | 国产cdts| 国产三级三级三级三级 | 99九九精品 | 在线免费观看黄色网址 | 91日韩视频 | 亚洲 欧美 日韩在线综合福利 | 男女刺激大片免费观看网站 | 亚洲乱淫 | 99黄色| 玖玖玖精品视频免费播放 | 成人黄色激情网站 | 国产成年网站v片在线观看 国产成版人视频网站免费下 | 精品久久免费视频 | 日韩欧美二区 |