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Background Stock market is on the Chinese’s lips again.On April 22,the benchmark Shang- hai Composite Index witnessed another historical low within the day,2,990.79, before bargain hunting pushed it to close 0.99 percent higher at 3,147.79.It was the lowest level in 13 months,since the Chinese spring festival period in 2007, when it cheerfully broke through the 3,000 threshold for the first time. The equities market has fallen 46 per- cent from its record high on October 16, 2007.The tumbling of China’s blue-chip share index,the Shanghai Composite share
Background Stock market is on the Chinese lips again. On April 22, the benchmark Shanghai Composite Index witnessed another historical low within the day, 2,990.79, before bargain hunting pushed it to close 0.99 percent higher at 3,147.79.It was the lowest level in 13 months, since the Chinese spring festival period in 2007, when it cheerfully broke through the 3,000 threshold for the first time. The equities market has fallen 46 per cent from its record high on October 16, 2007. The tumbling of China’s blue- chip share index, the Shanghai Composite share