In the Press

  • News
  • / Global Finance
By Chao Deng
on May 09 2016 12:00 AM
  • PIT

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Stock markets in China were broadly lower Monday, after the Communist Party's mouthpiece reported that the nation's economy is headed for an "L-shaped" recovery, stoking worries among investors that growth in the world's second-largest economy will moderate further. The Shanghai Composite Index fell as much as 2.2% to 2848.16, lagging behind most other markets in the region, and was still rather choppy midday. It was last trading near the lows of the day. The Shenzhen Composite Index was off 2.9% at 1816.68.

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