In the rankings of the world's worst-performing stock markets this year, nations drowning in debt feature heavily. Greece is number one, closely followed by Slovakia, Cyprus and Spain. But then, in fifth place, there is China.
Shanghai's decline – the index is down 16 per cent since January – has caught many investors by surprise, since China is widely seen as the beacon of growth in a world that is still reeling from the financial crisis.
Having fallen to a eight-month low yesterday, the Shanghai Composite is this year's worst performing index in Asia.
“A lot of people have been caught offside,” says the head of trading at a global investment bank in Hong Kong.
The irony is that China's eye-catching economic growth – gross domestic product surged 11.9 per cent in the first quarter – is part of the reason why Shanghai stocks are sliding.
Worried that the economy is overheating, the government has started taking steps to prevent inflation getting out of control and to head off a bubble in the property market.
This tightening – and the prospect of more to come – is what has given investors the jitters.
Since late last year, as the global economy has revved up, Beijing has sought to rein in the amount of money sloshing through the economy and spilling into property and equity markets.
But in recent weeks policymakers have become much more aggressive. Beijing has clamped down hard on the property market, fearing excessive price rises could fuel social unrest.
omg, can u believe it?---中国股市表现全球倒数第五this yr
所有跟帖:
•
I'm your secretary
-走马读人-
♂
(3740 bytes)
()
05/15/2010 postreply
15:41:39
•
谢老马秘书:)。中国经济增长过快, 大量资金流入楼市和股市,
-戏雨飞鹰-
♀
(94 bytes)
()
05/15/2010 postreply
15:51:41
•
Yes xiyifiyi, no mamahuhu,
-走马读人-
♂
(0 bytes)
()
05/15/2010 postreply
16:11:06
•
我上次回国,我弟弟说他的同事都在炒股。他问我想不想炒。
-hahaman-
♀
(208 bytes)
()
05/15/2010 postreply
16:15:33
•
你怎么总是报坏消息啊。不过
-戏雨飞鹰-
♀
(163 bytes)
()
05/15/2010 postreply
16:41:17
•
猪肉, 鸡肉, 和鱼价格在一斤十几元(去年底)
-hahaman-
♀
(50 bytes)
()
05/15/2010 postreply
17:16:47
•
我
-戏雨飞鹰-
♀
(61 bytes)
()
05/15/2010 postreply
16:43:08
•
我对我弟弟讲
-hahaman-
♀
(42 bytes)
()
05/15/2010 postreply
17:19:07
•
:) true. there's no fun playing with stock mkt. just a reminder
-戏雨飞鹰-
♀
(627 bytes)
()
05/15/2010 postreply
19:12:51
•
sweetie thank you. I will not get a facebook account before
-hahaman-
♀
(138 bytes)
()
05/15/2010 postreply
19:47:18
•
哈哈哈哈哈。。正吃着葡萄呢,咽不下去了,笑傻了,haha..
-戏雨飞鹰-
♀
(47 bytes)
()
05/15/2010 postreply
20:01:50
•
let the meaning
-hahaman-
♀
(38 bytes)
()
05/15/2010 postreply
20:16:14
•
你还记得, pfpfpf。我都要忘了。你的记忆力更厉害。88, hahaman.
-戏雨飞鹰-
♀
(0 bytes)
()
05/15/2010 postreply
20:20:31
•
i just checked the web
-hahaman-
♀
(0 bytes)
()
05/15/2010 postreply
20:22:06
•
你真是太好玩了。我也是
-戏雨飞鹰-
♀
(32 bytes)
()
05/16/2010 postreply
07:27:42
•
你不知道,
-戏雨飞鹰-
♀
(241 bytes)
()
05/15/2010 postreply
20:16:53
•
其实说出来心里痛快
-hahaman-
♀
(24 bytes)
()
05/15/2010 postreply
20:21:21
•
no, not just 喜欢听,
-戏雨飞鹰-
♀
(37 bytes)
()
05/15/2010 postreply
20:27:54
•
hahahah
-hahaman-
♀
(52 bytes)
()
05/15/2010 postreply
20:32:35